United Bancorporation of Alabama announces semiannual dividend

Rhea-AI Summary

United Bancorporation of Alabama (OTCQX: UBAB) has announced a semiannual dividend of $0.50 per share. The dividend will be payable on July 16, 2024, to stockholders of record as of June 30, 2024. United Bancorporation is a $1.4 billion financial holding company that serves Southwest Alabama and Northwest Florida. It operates as a Community Development Financial Institution (CDFI) and includes United Bank, Town-Country United Bank, and UB Community Development, focusing on economic and community development. United Bank has 20 locations across five counties, while Town-Country United Bank serves Wilcox County and surrounding areas. UB Community Development engages in New Markets Tax Credits, affordable housing, and community facilities programs.

Positive

• Announcement of a $0.50 per share semiannual dividend payable on July 16, 2024.
• The dividend targets shareholders of record as of June 30, 2024, which may encourage stock purchases before this date.
• United Bancorporation of Alabama is a $1.4 billion financial holding company, indicating significant financial stability.
• The company operates as a Community Development Financial Institution (CDFI), reflecting a commitment to economic development in underserved communities.
• United Bank operates 20 locations across five counties, indicating broad regional presence.
• UB Community Development is involved in New Markets Tax Credits, affordable housing, and community facilities programs, suggesting active community engagement.

Negative

• The press release lacks information on the company's revenue, net income, or overall financial performance.
• No specific details on growth metrics or future financial projections are provided.
• Absence of any mention of new business strategies or expansion plans could be a concern for investors seeking growth.

ATMORE, Ala., May 20, 2024 /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 $0.50 per share. The cash dividend will be payable on or near July 16, 2024 to stockholders of record as of June 30, 2024. 

United Bancorporation of Alabama, Inc. (OTCQX: UBAB) is a $1.4 billion financial holding company primarily serving Southwest Alabama and Northwest Florida. United is a Community Development Financial Institution (CDFI), which recognizes its commitment to stimulating economic development in underserved communities. United Bank operates 20 locations across five counties. 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. For complete quarterly reporting, visit our investor relations tab at www.UnitedBank.com. Member FDIC.

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SOURCE United Bancorporation

FAQ

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

United Bancorporation of Alabama (UBAB) has announced a semiannual dividend of $0.50 per share.

When will the dividend announced by UBAB be payable?

The semiannual dividend announced by UBAB will be payable on July 16, 2024.

What is the record date for the UBAB dividend?

The record date for the UBAB dividend is June 30, 2024.

How much is United Bancorporation of Alabama (UBAB) worth?

United Bancorporation of Alabama (UBAB) is a $1.4 billion financial holding company.

What regions does United Bancorporation of Alabama (UBAB) primarily serve?

United Bancorporation of Alabama (UBAB) primarily serves Southwest Alabama and Northwest Florida.

What is the focus of UB Community Development?

UB Community Development focuses on economic and community development through New Markets Tax Credits, affordable housing, and community facilities programs.

How many locations does United Bank operate?

United Bank operates 20 locations across five counties.