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United Community Banks, Inc. Declares Cash Dividend as It Charts a New Course for GrowthGREENVILLE, S.C., Nov. 14, 2024 ?? In a move signaling both stability and commitment to its shareholders, United Community Banks, Inc. (NYSE: UCB) has announced a quarterly cash dividend of $0.24 per share on its common stock. The decision, endorsed by the Board of Directors, reinforces the bank's strategy of rewarding shareholders even as it undergoes a transformative period. The dividend is set to be payable on January 6, 2025, to shareholders on record as of December 16, 2024??a timeline that ensures that current investors continue to reap the benefits of their ownership just as the bank embarks on a new chapter.The dividend payout serves as a poignant reminder of the bank's resilience and dedication to its investors, particularly in light of its recent decision to divest its manufactured housing loan portfolio, announced on September 3, 2024. This strategic move, aimed at streamlining operations and focusing on core competencies, has come amidst a backdrop of market challenges and changing consumer preferences. By shedding these assets, United Community Banks is poised to enhance liquidity and focus on sectors with more growth potential, signaling to the market that the bank has its eyes firmly set on the future.
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