United Community Banks, Inc. Declares Quarterly Cash Dividend
United Community Banks, Inc. (NYSE: UCB) has made an exciting announcement regarding its preferred stock dividends, affirming its dedication to rewarding shareholders. The Board of Directors has approved a quarterly cash dividend set at $429.6875 per share. This translates to $0.4296875 for each depositary share, holding a 1/1000th interest per share, for the Company’s 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NYSE: UCB PRI).
Dividend Payment Details
The upcoming dividend is scheduled for payment on March 14, 2025, directed to shareholders who are on record as of February 28, 2025. This timely distribution emphasizes United Community Banks’ commitment to maintaining strong relationships with its investors, underscoring their role in supporting the Bank's long-term strategies.
Company Overview and Achievements
United Community Banks, Inc. operates as a premier financial holding company under the United Community brand. Established as one of the top 100 financial institutions in the U.S., United focuses on enhancing not just the fiscal stability of its customers but also the overall well-being of the communities in which it operates.
The array of services provided includes traditional banking, wealth management, and mortgage solutions, making it a versatile choice for customers seeking comprehensive financial support. As of the end of 2024, United Community Banks boasted $27.7 billion in assets, with an extensive network of 199 branch locations across six states. Its national presence is further enhanced by its SBA lending franchise and an equipment lending subsidiary.
Recognition and Awards
In terms of accolades, United Community has made significant strides in customer satisfaction, earning recognition from J.D. Power as a 10-time recipient of the award for best satisfaction among consumer banks in the Southeast region. The institution is also celebrated for its strong reputation, emerging as the most trusted bank in the Southeast.
Moreover, for the eighth consecutive year, United has been highlighted by American Banker as one of the “Best Banks to Work For,” showcasing its dedication to both customer and employee satisfaction. The Bank’s excellence is also reflected in the Greenwich Excellence and Best Brands Awards, where it received 15 awards, including national recognition for small business banking and middle market banking categories.
Commitment to Customers and Communities
United Community Banks’ continuous efforts in enhancing customer and employee experience have also drawn the attention of prestigious financial publications, with Forbes ranking it among the World’s Best Banks and one of America's Best Banks, a testament to its unwavering service standards.
Contact Information
For further inquiries, reach out to:
Jefferson Harralson
Chief Financial Officer
(864) 240-6208
Jefferson_Harralson@ucbi.com
Frequently Asked Questions
What is the dividend amount declared by United Community Banks?
The declared dividend is $429.6875 per share.
When will the dividend be paid?
The dividend is payable on March 14, 2025.
Who are eligible shareholders for the dividend?
Shareholders of record as of February 28, 2025, will be eligible for the dividend.
What recognition has United Community Banks achieved?
United Community has received numerous awards for customer satisfaction and was recognized as one of the Best Banks to Work For.
How does United Community support its communities?
United focuses on financial health and offering services that improve the well-being of its community members.
