Dividend Kings List: Top 15

9. United Bankshares, Inc. (NASDAQ:UBSI)

Dividend Yield as of December 3: 3.53%

United Bankshares, Inc. (NASDAQ:UBSI) is a West Virginia-based bank holding company that offers a wide range of related services to its consumers. The company reported robust earnings in the latest quarter, demonstrating consistently strong performance. Profitability metrics remained solid, growth trends showed continued improvement, and expenses were effectively managed. Additionally, asset quality, liquidity, and capital levels continued to serve as key strengths. Since the start of 2024, the stock has surged by over 10.3%.

In the third quarter of 2024, United Bankshares, Inc. (NASDAQ:UBSI) generated revenue of $262.2 million, which beat analysts’ estimates by $2.32 million. Its net interest income for the quarter also showed a 2% YoY growth at $230.3 million. The company ended the quarter with over $1.6 billion available in cash and cash equivalents, up from $1.13 billion in the prior-year period.

On November 10, United Bankshares, Inc. (NASDAQ:UBSI) declared a quarterly dividend of $0.37 per share, which was consistent with its previous dividend. Overall, the company has raised its dividends for 50 consecutive years, which makes it one of the best dividend kings on our list. The stock’s dividend yield on December 3 came in at 3.53%.

United Bankshares, Inc. (NASDAQ:UBSI) was a part of 14 hedge fund portfolios at the end of Q3 2024, up from 13 in the previous quarter, according to Insider Monkey’s database. The stakes held by these hedge funds have a consolidated value of over $76.7 million. Ken Fisher’s Fisher Asset Management owned the largest stake in the company.