MORRISVILLE, Vt., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Union Bankshares, Inc. (NASDAQ - UNB) today announced the completion of a balance sheet repositioning related to its investment securities portfolio. The Company's wholly-owned subsidiary, Union Bank, executed the sale of $38.8 million in book value of its lower-yielding available-for-sale debt securities for an estimated after-tax realized loss of approximately $1.0 million, which will be recorded in the third quarter of 2024. Proceeds from t
In August 2024, the U.S. stock market has shown mixed performance, with the S&P 500 and Nasdaq Composite experiencing declines while the Dow Jones Industrial Average reached a record high. Amidst these fluctuations, dividend stocks continue to attract investors seeking steady income and potential growth. When considering dividend stocks in this environment, it's crucial to focus on companies with strong fundamentals and a history of reliable payouts.
In recent market news, major U.S. indexes gave up early-session gains to close lower as technology and chip stocks faced significant declines, reflecting ongoing concerns about the health of the economy. Amid this volatility, investors are increasingly turning their attention to dividend stocks for more stable returns. A good dividend stock typically offers consistent payouts and demonstrates resilience in fluctuating market conditions, making it an attractive option during periods of...