Stock Buy - UBSI (35 shares, $46 dividend income)

United Bankshares, Inc. (NASDAQ:UBSI) provides commercial and retail banking services and is the parent company of its two banking franchises: United Bank, with locations in Washington, D.C., Virginia, and Montgomery County, Maryland: and United Bank, Inc., with locations in West Virginia, Pennsylvania, Ohio and Hagerstown, MD. (src: company profile)

UBSI is a strong bank with a 44-year history of raising dividends. This sector will benefit from eventual rising interest rates. In the meantime I will wait and patiently collect their 3.8% yielding dividend :))

This purchase will add $46 annual dividend income to my dividend stock portfolio

Basic info:

Market CAP: 3.6B   EPS: $1.90    Dividend: $1.32 (3.87%)