Published: December 15, 2011
High Yield Dividends Index Adds UBSI to Its Top 60
WASHINGTON & CHARLESTON, W.Va. - (BUSINESS WIRE) - United Bankshares, Inc. (NASDAQ: UBSI), today announced that it has been
added to the S&P High Yield Dividends Aristocrats
Index, which measures the performance of the 60 highest dividend
yielding S&P Composite 1500 Index constituents that have
increased dividends every year for at least 25 consecutive years. United
is one of only two major banking companies in the U.S. to have achieved
such a record.
"2011 marks the 38th consecutive year of dividend increases to United
shareholders and demonstrates a long history of strong financial
performance," stated Chairman and Chief Executive Officer Richard Adams.
"Our dedicated employees and our loyal customers have been the driving
force for our continued success."
United has received recognition by others in 2011. Chairman Richard
Adams was selected as one of three finalists for Morningstar's 2010 CEO
of the Year, along with the Chief Executive Officers of Costco and Ford
Motor Company. Additionally, West Virginia University Foundation honored
UBSI as its 2011 Outstanding Philanthropic Corporation which honors
donors who display exceptional generosity, commitment, leadership and
proven records of outstanding civic and charitable devotion to the
University.
United's current market capitalization is $1.4 billion. United is also a
member of the S&P Small Cap 600 Index, the Russell 2000 Index, and the
Dow Jones U.S. Select Dividend IndexSM which tracks the top
100 highest dividend-paying companies in the Dow Jones U.S. Index.
United Bankshares, with $8.6 billion in consolidated assets, has 126
full-service offices in West Virginia, Virginia, Maryland, Ohio,
Pennsylvania and Washington, DC. United Bankshares stock is traded on
the NASDAQ Global Select Market under the quotation symbol "UBSI."
www.ubsi-inc.com
United Bankshares, Inc.
Steven E. Wilson, Chief Financial Officer,
800-445-1347 ext. 8704
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