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

Union Bankshares, Inc. (NASDAQ:UNB) announced a quarterly dividend on Wednesday, October 16th, Zacks reports. Shareholders of record on Saturday, October 26th will be paid a dividend of 0.36 per share by the bank on Thursday, November 7th. This represents a $1.44 annualized dividend and a dividend yield of 5.05%. The ex-dividend date is Friday, October 25th.

Union Bankshares has increased its dividend by an average of 4.0% annually over the last three years and has raised its dividend annually for the last 11 consecutive years.

Union Bankshares Price Performance

Shares of NASDAQ UNB opened at $28.50 on Thursday. The firm has a market capitalization of $128.79 million, a P/E ratio of 12.03 and a beta of 0.76. Union Bankshares has a one year low of $21.00 and a one year high of $32.00. The company’s fifty day moving average is $25.98 and its two-hundred day moving average is $24.86. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.79 and a current ratio of 0.80.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings data on Friday, August 9th. The bank reported $0.45 EPS for the quarter. The firm had revenue of $12.25 million for the quarter. Union Bankshares had a net margin of 13.63% and a return on equity of 13.53%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Union Bankshares from a “buy” rating to a “hold” rating in a report on Monday, August 12th.

About Union Bankshares

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.