NYSE:UCBBanks
Does UCB’s Preferred Share Redemption Reveal a New Capital Allocation Playbook?
United Community Banks, Inc. recently completed the redemption of all outstanding shares of its 6.875% Series I Non-Cumulative Perpetual Preferred Stock, totaling an aggregate liquidation preference of US$88 million, and also announced a 4.2% increase in its quarterly cash dividend on common stock, payable in early October 2025.
This combination of preferred stock redemption and dividend increase highlights active capital structure management and signals confidence in the company’s ongoing...