The buyback authorization is discretionary and non-binding — monitor actual repurchase activity in future filings to gauge management's conviction. The $0.38 dividend is consistent with prior quarters and provides a baseline yield for income-focused holders.
Price Chart
Executive Summary
United Bankshares declared a Q3 dividend of $0.38/share and announced a new share repurchase plan authorizing up to 6.8 million shares (~5% of outstanding), replacing the prior plan. The company repurchased 768,811 shares at a weighted average price of $46.54 under the prior plan from July 1 through August 24, 2026. This is a routine capital allocation event with no material financial impact on fundamentals — the buyback is discretionary and the dividend is unchanged from prior quarters.
Key Facts
- Q3 dividend declared at $0.38 per share, payable October 1, 2026 to holders of record September 11, 2026
- New share repurchase plan authorized up to 6.8 million shares (~5% of outstanding), replacing the November 2025 plan
- From July 1 to August 24, 2026, United repurchased 768,811 shares at a weighted average price of $46.54 under the prior plan
- Dividend payout of approximately $51.8 million on 136.2 million shares
- The 2025 repurchase plan was terminated effective August 24, 2026
Financial Impact
Dividend payout of ~$51.8M per quarter; buyback authorization of up to 6.8M shares (~5% of outstanding) at management's discretion
Risk Factors
- Buyback may not be executed if capital conditions tighten or M&A opportunities arise
- No guidance provided on future dividend growth trajectory
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-363214 |
| Document: 0001193125-26-363214-index.html | 0001193125-26-363214 |
| Document: 0001193125-26-363214.txt | 0001193125-26-363214 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | 8-K | $48.46 | awaiting T+60 | — | $48.92 (+0.95%) |
Sep 2, 2026 7w ago | Insider Cluster | $47.30 | awaiting T+60 | — | $48.92 (+3.42%) |
Aug 24, 2026 9w ago | 8-K | $47.80 | awaiting T+60 | — | $48.92 (+2.34%) |
Jul 23, 2026 13w ago | 8-K | $47.36 $46.60 | ▼ −1.60% | ▼ −6.16% | $48.92 (+3.29%) |
Apr 23, 2026 26w ago | 8-K | $43.91 $47.18 | ▲ +7.45% | ▲ +2.43% | $48.92 (+11.41%) |
Apr 1, 2026 29w ago | DEFA14A | $41.68 $45.72 | ▲ +9.69% | ▼ −3.69% | $48.92 (+17.37%) |
US Market Status
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