United Tennessee Bankshares, Inc. (OTCMKTS:UNTN) to Issue Dividend Increase – $0.62 Per Share

United Tennessee Bankshares, Inc. (OTCMKTS:UNTN) announced an annual dividend on Tuesday, February 25th, NASDAQ Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.62 per share on Wednesday, April 30th. This represents a yield of 3.65%. The ex-dividend date of this dividend is Monday, March 31st. This is a 1.6% increase from United Tennessee Bankshares’s previous annual dividend of $0.61.

United Tennessee Bankshares Price Performance

Shares of UNTN stock traded up $0.10 on Friday, hitting $17.34. 374 shares of the stock traded hands, compared to its average volume of 1,262. The firm has a market cap of $12.90 million, a price-to-earnings ratio of 9.69 and a beta of 0.19. The firm has a 50 day simple moving average of $16.82 and a two-hundred day simple moving average of $16.56. United Tennessee Bankshares has a 52 week low of $15.68 and a 52 week high of $17.65.

United Tennessee Bankshares Company Profile

United Tennessee Bankshares, Inc operates as the holding company for Newport Federal Bank that provides various financial services to individuals and corporate customers. The company accepts interest-bearing checking, savings, NOW, passbook savings, money market, and individual retirement accounts, as well as certificates of deposit.