United Bancorporation of Alabama announces semiannual dividend

Rhea-AI Summary

United Bancorporation of Alabama (OTCQX: UBAB) declared a semiannual dividend of $0.22 per share on Dec. 13, 2022, payable on January 17, 2023 to shareholders of record as of December 31, 2022. This financial holding company, valued at $1.2 billion, serves Southwest Alabama and Northwest Florida with its subsidiaries: United Bank, Town-Country United Bank, and UB Community Development. As a Community Development Financial Institution, it strives to foster economic growth in underserved areas.

Positive

• Declared semiannual dividend of $0.22 per share, indicating ongoing shareholder returns.
• Company maintains a substantial $1.2 billion in assets, reflecting solid financial health.
• Focus on community development aligns with sustainability goals and potential growth.

Negative

• None.

ATMORE, Ala., Jan. 11, 2023 /PRNewswire/ -- United Bancorporation of Alabama, Inc. (OTCQX: UBAB), parent company of United Bank, Town-Country United Bank and UB Community Development, has announced a semiannual dividend of $0.22 per share was declared on Dec. 13, 2022. The cash dividend will be payable on January 17, 2023 to stockholders of record as of December 31, 2022.

United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.2 billion financial holding company that primarily serves Southwest Alabama as well as Northwest Florida. United is a Community Development Financial Institution (CDFI), which recognizes its commitment to stimulating economic development in underserved communities. United operates three subsidiaries: United Bank, Town-Country United Bank and UB Community Development. United Bank is also designated as a CDFI and operates 22 locations across five counties. The recently acquired Town-Country United Bank serves Wilcox County and its surrounding counties. UB Community Development focuses on economic and community development through its New Markets Tax Credits, affordable housing and community facilities programs. United Bank has offices in Atmore, Brewton, East Brewton, Flomaton, Monroeville, Frisco City, Bay Minette, Daphne, Foley, Lillian, Loxley, Magnolia Springs, Semmes, Silverhill, Spanish Fort and Summerdale in Alabama. United Bank serves Santa Rosa County, Florida in Jay, Milton and Pace. For a complete second quarter report and financial metrics visit our investor relations tab at www.UnitedBank.com. Member FDIC.

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SOURCE United Bancorp

FAQ

What is the dividend amount for United Bancorporation of Alabama (UBAB)?

The semiannual dividend is $0.22 per share.

When will the dividend for UBAB be paid?

The dividend will be payable on January 17, 2023.

What is the record date for the dividend payment of UBAB?

The record date for the dividend payment is December 31, 2022.

How does United Bancorporation focus on community development?

United Bancorporation operates as a Community Development Financial Institution, supporting economic growth in underserved communities.