Business Services Industry

United Bankshares, Inc. Added to Dow Jones Select Dividend Index

Business Wire, May 9, 2008

WASHINGTON & CHARLESTON, W.Va. -- United Bankshares, Inc. (NASDAQ:UBSI), today announced that it had been recently added to the Dow Jones US Select Dividend Index. This Index is derived from the Dow Jones US Index which covers approximately 95% of US market capitalization. Stocks are screened by dividend per share growth rate, dividend payout ratio, average daily dollar trading volume, and are selected based upon dividend yield. The Dow Jones US Select Dividend Index tracks the top 100 highest dividend paying U.S. companies.

United Bankshares is one of a very few listed companies that has increased dividends to shareholders for 34 consecutive years. Chairman and Chief Executive Officer, Richard Adams said, "This recognition of our successful record of dividend increases for our shareholders demonstrates our long history of consistent, strong, financial performance. Our dedicated employees and our loyal customers have been the driving force for our continued success."

United Bankshares, with $8.0 billion in assets, has 114 full-service offices in West Virginia, Virginia, Maryland, Ohio, and Washington, D.C. Investor information and press releases can be viewed at www.ubsi-inc.com . United Bankshares stock is traded on the NASDAQ Global Select Market System under the quotation symbol "UBSI".

COPYRIGHT 2008 Business Wire
COPYRIGHT 2008 Gale, Cengage Learning

 

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