United Community Banks, Inc. Announces Quarterly Cash Dividend
February 15, 2015
BLAIRSVILLE, GA – United Community Banks, Inc. (Nasdaq:UCBI), reported that its Board of Directors declared a regular quarterly cash dividend of five cents per common share. The dividend is payable April 1, 2015, to shareholders of record on March 15, 2015.
“The quarterly cash dividend represents a payout ratio of 17 percent based on our most recently reported quarterly earnings,” stated Chairman and Chief Executive Officer Jimmy Tallent. “This dividend reflects our commitment to sustaining a long-term payout ratio within an appropriate range that rewards our shareholders while leveraging our growth objectives.”
