United Community Banks Proudly Unveils Latest Dividend Update
Latest Dividend Announcement from United Community Banks
United Community Banks, Inc. (NYSE: UCB) has recently made an exciting announcement regarding its quarterly cash dividend on common stock. The Board of Directors has approved a dividend of $0.24 per share. This payment is scheduled to be distributed on January 6, 2025, to all shareholders registered by December 16, 2024.
Preferred Stock Dividend Details
In addition to the common stock dividend, United Community Banks has also announced a quarterly cash dividend on its 6.875% Non-Cumulative Perpetual Preferred Stock, Series I (NYSE: UCB PRI). This dividend amounts to $429.6875 per share, which translates to $0.4296875 per depositary share. It is set to be paid out on December 16, 2024, for shareholders who are on record as of November 29, 2024.
About United Community Banks, Inc.
United Community Banks, Inc. stands out as a prominent financial institution in the United States, recognized for its commitment to enhancing the financial health of its customers and the communities it serves. The company is a financial holding organization for United Community, ranking within the top 100 U.S. financial institutions. As of September 30, 2024, United Community declared assets amounting to $27.4 billion and operates 202 offices across various states including Alabama, Florida, Georgia, North Carolina, South Carolina, and Tennessee.
A Legacy of Customer Satisfaction
The accolades received by United Community Banks signify its dedication to service excellence. In 2024, it became the ten-time winner of J.D. Power's award for the highest customer satisfaction among consumer banks in the Southeast region. Furthermore, in 2023, the bank was recognized by American Banker as one of the 'Best Banks to Work For' for the seventh year in a row, alongside receiving multiple honors at the Greenwich Excellence and Best Brands Awards. These included national recognitions for overall satisfaction in small business and middle market banking.
Continuing Impact and Growth
United Community is not just about banking; it has also developed a national SBA lending franchise and an equipment lending subsidiary, widening its service offerings. With their commitment to trustworthiness and dependability, it's no surprise that Forbes consistently ranks United Community among the World’s Best Banks and America's Best Banks.
Contact Information
For further inquiries, you can reach out to:
Jefferson Harralson
Chief Financial Officer
(864) 240-6208
Email: Jefferson_Harralson@ucbi.com
Frequently Asked Questions
What is the latest dividend announced by United Community Banks?
United Community Banks announced a quarterly cash dividend of $0.24 per share on its common stock.
When will the dividends be paid out?
The common stock dividend will be paid on January 6, 2025, and the preferred stock dividend on December 16, 2024.
What is the amount of the preferred stock dividend?
The preferred stock dividend is $429.6875 per share, equivalent to $0.4296875 per depositary share.
What awards has United Community Banks won recently?
In 2024, United Community won the J.D. Power award for the best customer satisfaction among consumer banks in the Southeast, marking its tenth win in this category.
How many offices does United Community operate?
United Community Banks operates 202 offices across several states including Alabama, Florida, and Georgia.
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