Atlantic Union Bankshares Co. (AUB) To Go Ex-Dividend on November 13th

Atlantic Union Bankshares Co. (NYSE:AUB) declared a quarterly dividend on Thursday, October 29th. Investors of record on Friday, November 13th will be paid a dividend of $0.40 per share on Friday, November 27th. This represents a $1.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, November 13th. This is a 8.1% increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.37.

Atlantic Union Bankshares has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Atlantic Union Bankshares has a dividend payout ratio of 41.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Atlantic Union Bankshares to earn $4.07 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 39.3%.

Atlantic Union Bankshares Stock Down 0.8%

AUB stock opened at $39.87 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.94 and a quick ratio of 0.94. The firm has a market capitalization of $5.58 billion, a P/E ratio of 10.89 and a beta of 0.83. Atlantic Union Bankshares has a 52-week low of $30.87 and a 52-week high of $43.62. The company’s 50 day simple moving average is $39.05 and its 200-day simple moving average is $39.11.

Atlantic Union Bankshares (NYSE:AUB) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. Atlantic Union Bankshares had a net margin of 23.97% and a return on equity of 10.79%. The firm had revenue of $387.90 million during the quarter, compared to analyst estimates of $392.72 million. During the same quarter last year, the business posted $0.84 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Atlantic Union Bankshares will post 3.77 EPS for the current year.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corporation is a bank holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides personal and business banking services, including deposit accounts, loans, mortgage lending, cash management and wealth management. The company serves individuals, businesses and organizations primarily across Virginia, Maryland and North Carolina through a network of branches and digital banking services. Its commercial banking offerings include lending and treasury management services for businesses and other institutions.