United Community Banks Declares Cash Dividends for Shareholders
United Community Banks, Inc. Declares Quarterly Cash Dividends
United Community Banks, Inc. (NYSE: UCB) has recently made an important announcement regarding its commitment to shareholders. The bank's Board of Directors has officially approved a quarterly cash dividend of $0.24 per share for its common stockholders. This dividend payment is slated for distribution on July 3, 2025, benefiting all shareholders on record as of June 15, 2025.
Details of the Preferred Stock Dividend
In addition to the common stock dividend, the Board has also approved a significant cash dividend for the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NYSE: UCB PRI). This dividend amounts to $429.6875 per share, or $0.4296875 per depositary share, highlighting the bank’s dedication to its preferred shareholders. The payment for this dividend is scheduled for June 13, 2025, with the record date set as May 29, 2025.
Company Overview: United Community Banks, Inc.
United Community Banks, Inc. (NYSE: UCB) serves as the financial holding entity for United Community, which ranks as a leading financial institution in the United States, recognized among the top 100. This commitment to excellence is evident as the company focuses on empowering communities and enhancing the financial well-being of its customers. United Community provides an extensive array of banking services, including mortgage and wealth management.
Commitment to Customer Satisfaction
As of March 31, 2025, United Community has amassed assets totaling $27.9 billion, with its robust network of 200 branches distributed across several states. The company has built a strong reputation, managing a well-known SBA lending franchise along with a national equipment finance subsidiary. Its reach extends across various business sectors, providing essential financial services.
Recognitions and Awards
The bank has been recognized multiple times, securing the prestigious 11-time J.D. Power award for customer satisfaction among consumer banks within the Southeastern region. Furthermore, in 2025, United Community was honored as the most trusted bank in its vicinity, reflecting the high level of service it provides to its clientele. The bank has consistently earned accolades from American Banker for being one of the "Best Banks to Work For," achieving this recognition for eight consecutive years.
Commercial Banking and Recognition
The acclaim doesn’t stop at customer satisfaction. In the realm of commercial banking, United Community earned five Greenwich Best Brand awards, which include national recognition in middle market satisfaction. Forbes has also consistently ranked United Community among the world's best and America's top banks, solidifying its place in the competitive landscape of financial services.
Contact Information
If you require further information regarding United Community Banks or the recent dividend announcements, Jefferson Harralson serves as the Chief Financial Officer and can be reached at (864) 240-6208 or via email at Jefferson_Harralson@ucbi.com.
Frequently Asked Questions
What is the amount of the cash dividend declared by United Community Banks?
The cash dividend declared is $0.24 per share on the common stock.
When will the dividends be paid?
The dividends will be paid on July 3, 2025, for common stock and on June 13, 2025, for preferred stockholders.
How can I learn more about United Community Banks?
For detailed information, you can visit the bank's official website or contact their Chief Financial Officer.
What distinguishes United Community Banks from competitors?
United Community is noted for its commitment to customer satisfaction and has won numerous awards in recognition of its service quality.
Where are United Community Banks' branches located?
The bank operates 200 offices across several states including Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee.
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