United Bancorp : Declares a Quarterly Cash Dividend of $0.1525 per Common Share Producing a Forward Yield of 3.66% and Announces a Special Dividend Payment of $0.15 per Common Share - Form 8-K
February 17, 2022 at 01:58 pm
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United Bancorp, Inc. Declares a Quarterly Cash Dividend of $0.1525 per Common Share Producing a Forward Yield of 3.66% and Announces a Special Dividend Payment of $0.15 per Common Share
MARTINS FERRY, OHIO ◆◆◆ On February 16, 2022, the Board of Directors of United Bancorp, Inc. (UBCP) declared a first quarter cash dividend of $0.1525, which is payable on March 18, 2022 to shareholders of record on March 10, 2022. This is an increase of $0.01, or 7.0%, over the cash dividend paid in the first quarter of last year. At this new level and on a forward basis, the regular cash dividend is $0.61 which produces a forward yield of 3.66% based on the market value at the most recent quarter end.
In addition to this regular cash dividend payment, the Board of Directors of United Bancorp, Inc. also approved a one-time, special dividend of $0.15 per common share, which is payable on March 18, 2022 to shareholders of record on March 10, 2022. The Board of Directors approved this special cash dividend based on the Company's continued solid earnings, ample liquidity and strong capital position. On a forward basis and inclusive of this special dividend payment, United Bancorp, Inc. is projected to pay cash dividends of $0.76 in the current year, as compared to $0.685 in 2021, an increase of $0.075 or 11.0%.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $724.5 million and total shareholder's equity of $71.7 million as of December 31, 2021. Through its single bank charter, Unified Bank, the Company currently has nineteen banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Marshall County in West Virginia. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.
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United Bancorp Inc. published this content on 17 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 February 2022 18:57:08 UTC.
United Bancorp, Inc. is a bank holding company. The Company has one wholly owned subsidiary bank, Unified Bank, Martins Ferry, Ohio (the Bank). The Bank serves customers in northeastern, eastern, southeastern and south-central Ohio and the Northern panhandle of West Virginia and is engaged in the business of commercial and retail banking in Belmont, Harrison, Jefferson, Tuscarawas, Carroll, Athens, Hocking, and Fairfield counties and the surrounding localities. The bank also operates in Marshall County West Virginia. The Bank provides a range of banking and financial services, which includes accepting demand, savings and time deposits and granting commercial, real estate and consumer loans. The Bank's loan portfolio includes commercial loans, commercial real estate loans, residential real estate loans and installment loans. The Bank conducts its business through its main office and standalone operations center in Martins Ferry, Ohio and about 18 branches located in the counties.
United Bancorp : Declares a Quarterly Cash Dividend of $0.1525 per Common Share Producing a Forward Yield of 3.66% and Announces a Special Dividend Payment of $0.15 per Common Share - Form 8-K