BuybackMay 5, 2026, 04:08 PM
Atlantic Union Bankshares Authorizes $250M Share Buyback
AI Summary
Atlantic Union Bankshares Corporation announced a new share repurchase program, authorizing the purchase of up to $250 million of its common stock through May 5, 2027. Additionally, the Board declared a quarterly common stock dividend of $0.37 per share, payable on June 5, 2026, representing an 8.8% increase from the second quarter of 2025. A quarterly dividend of $171.88 per share ($0.43 per depositary share) was also declared for its Series A preferred stock.
Key Highlights
- Atlantic Union Bankshares authorized a share repurchase program of up to $250 million of its common stock.
- The share repurchase program is authorized through May 5, 2027.
- The Board declared a quarterly common stock dividend of $0.37 per share.
- The common stock dividend is payable on June 5, 2026, to shareholders of record as of May 22, 2026.
- This common stock dividend is an 8.8% increase from the dividend in the second quarter of 2025.
- A quarterly dividend of $171.88 per share ($0.43 per depositary share) was declared for Series A preferred stock.
- The preferred stock dividend is payable on June 1, 2026, to holders of record as of May 15, 2026.