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

Union Bankshares, Inc. (NASDAQ:UNB) announced a quarterly dividend on Wednesday, January 15th,Wall Street Journal reports. Shareholders of record on Saturday, January 25th will be paid a dividend of 0.36 per share by the bank on Thursday, February 6th. This represents a $1.44 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Friday, January 24th.

Union Bankshares has increased its dividend payment by an average of 2.9% annually over the last three years.

Union Bankshares Stock Performance

Shares of UNB stock traded up $0.12 during trading hours on Friday, reaching $30.00. 5,594 shares of the company traded hands, compared to its average volume of 7,763. The firm has a 50-day moving average price of $31.59 and a 200 day moving average price of $27.58. The company has a market cap of $135.60 million, a P/E ratio of 15.38 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.83 and a quick ratio of 0.82. Union Bankshares has a 12-month low of $21.00 and a 12-month high of $37.70.

Union Bankshares (NASDAQ:UNB) last issued its quarterly earnings results on Wednesday, January 15th. The bank reported $0.67 earnings per share for the quarter. Union Bankshares had a net margin of 11.74% and a return on equity of 13.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Union Bankshares from a “hold” rating to a “sell” rating in a report on Monday.

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.