United Tennessee Bankshares, Inc. (OTCMKTS:UNTN) Plans Dividend Increase – $0.62 Per Share

United Tennessee Bankshares, Inc. (OTCMKTS:UNTN) announced an annual dividend on Tuesday, February 25th, NASDAQ Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.62 per share on Wednesday, April 30th. This represents a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, March 31st. This is a 1.6% increase from United Tennessee Bankshares’s previous annual dividend of $0.61.

United Tennessee Bankshares Stock Up 0.6 %

OTCMKTS:UNTN traded up $0.10 during trading hours on Friday, hitting $17.34. 374 shares of the stock were exchanged, compared to its average volume of 1,262. The company’s 50 day moving average is $16.82 and its two-hundred day moving average is $16.56. The company has a market capitalization of $12.90 million, a P/E ratio of 9.69 and a beta of 0.19. United Tennessee Bankshares has a twelve month low of $15.68 and a twelve month high of $17.65.

About United Tennessee Bankshares

United Tennessee Bankshares, Inc operates as the holding company for Newport Federal Bank that provides various financial services to individuals and corporate customers. The company accepts interest-bearing checking, savings, NOW, passbook savings, money market, and individual retirement accounts, as well as certificates of deposit.