Stockholders in Grady County’s locally owned United National Bank will receive an economic boost during this turbulent time with an anticipated dividend to be paid on June 1.
UNB officials announced this week that a dividend of $1.45 per share will be paid to shareholders of record as of May 15, 2020, or $1,167,020, which will be filtering through the local economy in the coming weeks.
“It is with great pleasure and personal satisfaction that our shareholders, who believed in us and invested in United National Bank, will receive such a high return on their investment. For the past 17 years, we are proud to say that we have been able to give back to our community and investors through the issuance of dividends,” United National Bank President Michael L. Chastain said. According to Chastain, United National Bank has paid more than $9,853,363 in dividends to its shareholders since the bank was organized in May of 2000.
“Our ability to pay dividends, even in these challenging times for our nation, is a testament to United National Bank’s financial strength. This bank is strong and profitable because of our wonderful customers and our dedicated, professional staff. We appreciate the support of the community, and in turn, we invest in our community, customers, and staff,” said Charles M. Stafford, who serves as chairman of the bank’s board of directors.
“We are truly a community-oriented bank, and our focus is on improving the quality of life for all citizens of Grady County. During these unprecedented times, we must rally together as a community and seek God’s blessings on our community, state, nation and world. Together, we will survive and will be stronger,” Stafford added.
United National Bank was organized in 2000 and opened its doors on May 26, 2000 with $5 million in total assets. As of Dec. 31, 2019, the bank’s assets had grown to $216,464,892.
In addition to paying dividends to stockholders, United National Bank also regularly contributes to schools, hospitals, clubs, and civic organizations.