Union Bankshares raises dividend 2.9% to 36c per share from prior 35c

Union Bankshares announced results for the three months and year ended December 31. Net income was $3.4M and $12.6M for the three months and year ended December 31 resulting in earnings per share of 77c and $2.81 for the same periods, respectively. The Board of Directors also declared a cash dividend of 36c per share for the quarter, an increase of 2.9% from the cash dividend of 35c paid in recent prior quarters, payable February 2 to shareholders of record as of January 28.