Atlantic Union Bankshares Corp 8-K
Research Summary
AI-generated summary
Atlantic Union Bankshares Declares Quarterly Dividends on Common and Preferred
What Happened
- Atlantic Union Bankshares Corporation (AUB) filed an 8-K on July 23, 2026 announcing dividends declared by its Board of Directors. The Board declared a quarterly cash dividend of $0.37 per share on common stock, payable August 21, 2026 to shareholders of record as of August 7, 2026.
- The Board also declared a quarterly dividend on its 6.875% Perpetual Non‑Cumulative Preferred Stock, Series A. The dividend is $171.88 per preferred share (equivalent to $0.43 per outstanding depositary share, each depositary share representing a 1/400th interest), payable September 1, 2026 to holders of record as of August 17, 2026.
Key Details
- Common dividend: $0.37 per share, payable Aug 21, 2026; record date Aug 7, 2026.
- Series A preferred: $171.88 per preferred share (≈ $0.43 per depositary share), payable Sep 1, 2026; record date Aug 17, 2026.
- Filing: Form 8‑K dated July 23, 2026; press release attached as Exhibit 99.1.
- Series A is identified as 6.875% Perpetual Non‑Cumulative Preferred Stock.
Why It Matters
- For common shareholders, the $0.37 quarterly payment provides predictable income and is a direct return of capital while indicating the Board’s current capital allocation choice.
- Preferred shareholders (and holders of depositary shares) receive the stated quarterly preferred payment; the depositary-share detail affects income per traded depositary share (≈ $0.43).
- Important dates (record and payable) determine who receives the dividends and are needed for investors planning purchases or income tracking.
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