UB Unionbancal Corp

UnionBanCal Corporation (NYSE:UB) announced today an 11 percent increase in its quarterly common stock dividend. For the second quarter of 2007, the cash dividend will be 52 cents per common share, up from 47 cents per share. The dividend will be paid on July 6, 2007, to shareholders of record as of June 4, 2007. UnionBanCal Corporation has approximately 138 million shares of common stock outstanding. �We are very pleased to increase our common stock dividend by more than 10 percent for the sixth consecutive year,� stated Masaaki Tanaka, President and Chief Executive Officer. �This action reflects our strong capital position and our confidence in the future of UnionBanCal Corporation.� Based in San Francisco, UnionBanCal Corporation is a bank holding company with assets of $54.6 billion at March 31, 2007. Its primary subsidiary, Union Bank of California, N.A., had 321 banking offices in California, Oregon and Washington and 2 international offices at March 31, 2007.