Published on 6 Aug 2023 on Simply Wall St. via Yahoo Finance

Here's What We Like About Atlantic Union Bankshares' (NYSE:AUB) Upcoming Dividend

It looks like Atlantic Union Bankshares Corporation (NYSE:AUB) is about to go ex-dividend in the next three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Accordingly, Atlantic Union Bankshares investors that purchase the stock on or after the 10th of August will not receive the dividend, which will be paid on the 25th of August.

The company's next dividend payment will be US$0.30 per share. Last year, in total, the company distributed US$1.20 to shareholders. Looking at the last 12 months of distributions, Atlantic Union Bankshares has a trailing yield of approximately 3.7% on its current stock price of $32.58. If you buy this business for its dividend, you should have an idea of whether Atlantic Union Bankshares's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Atlantic Union Bankshares