United Bankshares, Inc. (UBSI) declared a third quarter dividend of 21¢ per share for shareholders of record as of September 10, 1999. This is an 11% increase over the 19¢ paid in the third quarter of 1998 and a 5% increase over the 20¢ paid in the second quarter of 1999. Dividends per share of 61¢ for the first three quarters of 1999 also represents an 11% increase over the 55¢ per share paid for the first three quarters of 1998. The dividend payout of approximately $9 million on forty-three million shares is payable October 1, 1999. The year 1999 will be the 26th consecutive year of dividend increases. The annualized 1999 dividend of 82¢ 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".