Union Bankshares, Inc. Plans Quarterly Dividend of $0.36 (NASDAQ:UNB)

Union Bankshares, Inc. (NASDAQ:UNB) declared a quarterly dividend on Wednesday, April 17th, Zacks reports. Shareholders of record on Saturday, April 27th will be given a dividend of 0.36 per share by the bank on Thursday, May 2nd. This represents a $1.44 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date is Thursday, April 25th.

Union Bankshares has raised its dividend by an average of 4.0% annually over the last three years and has increased its dividend annually for the last 9 consecutive years.

Union Bankshares Stock Performance

NASDAQ:UNB opened at $27.80 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 0.81 and a debt-to-equity ratio of 0.25. The company has a market cap of $125.63 million, a P/E ratio of 11.12 and a beta of 0.86. Union Bankshares has a fifty-two week low of $20.07 and a fifty-two week high of $32.00. The firm’s 50 day moving average is $29.84 and its two-hundred day moving average is $29.10.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Union Bankshares in a research note on Sunday. They set a “hold” rating on the stock.

Union Bankshares Company Profile

Union Bankshares, Inc operates as the bank holding company for Union Bank that provides retail, commercial, and municipal banking products and services in northern Vermont and New Hampshire. It offers retail depository services, such as personal checking, savings, money market, IRA/SEP/KEOGH, and health savings accounts, as well as certificates of deposit.