Atlantic Union Bankshares Corp 8-K
Research Summary
AI-generated summary
Atlantic Union Bankshares Declares Quarterly Dividends — $0.37 Common
What Happened
Atlantic Union Bankshares Corporation announced that its Board declared quarterly dividends for both common stock and its 6.875% Perpetual Non‑Cumulative Preferred Stock, Series A. The common dividend is $0.37 per share payable February 27, 2026 to holders of record as of February 13, 2026. The Series A preferred dividend is $171.88 per preferred share (equivalent to $0.43 per depositary share) payable March 2, 2026 to holders of record as of February 13, 2026.
Key Details
- Common dividend: $0.37 per common share; record date February 13, 2026; payable February 27, 2026.
- Series A preferred: 6.875% Perpetual Non‑Cumulative Preferred Stock; dividend $171.88 per preferred share, equals $0.43 per depositary share; record date February 13, 2026; payable March 2, 2026.
- Each depositary share represents a 1/400th interest in one share of Series A preferred stock.
- Announcement made via press release dated January 29, 2026 (attached as Exhibit 99.1 to the Form 8‑K).
Why It Matters
Dividends provide direct cash return to shareholders and signal the Board’s allocation of earnings and capital toward shareholder distributions. Common shareholders who hold shares by the February 13 record date will receive the $0.37 payout on February 27. Holders of the depositary shares for the Series A preferred will receive the specified preferred dividend on March 2. Investors should note the record and payable dates if they plan to buy or sell shares around the dividend.