United Bankshares, Inc. (UBSI) declared a third quarter dividend of 19¢ per share for shareholders of record as of September 11, 1998. This is a 12% increase over the 17¢ paid in the third quarter of 1997. Dividends per share of 55¢ for the first three quarters of 1998 represent a 10% increase over the 50¢ per share paid for the first three quarters of 1997.

The dividend payout of approximately $7.4 million on thirty-nine million shares is payable October 1, 1998. The year 1998 will be the 25th consecutive year of dividend increases. The annualized 1998 dividend of 76¢ equates to a yield of approximately 3% based on recent UBSI market prices.

United Bankshares stock is traded on the NASDAQ (National Association of Securities Dealers Quotation System) National Market System under the quotation symbol "UBSI".