United Bancorp, Inc. Declares a Quarterly Cash Dividend of $0.1425 per Common Share Producing a Forward Yield of 4.32% and Announces a Special Dividend Payment of $0.10 per Common Share

Rhea-AI Summary

United Bancorp, Inc. (UBCP) announced on February 17, 2021, a quarterly cash dividend of $0.1425, payable on March 19, 2021, to shareholders on record as of March 10, 2021. This dividend offers a forward yield of 4.32%. Additionally, a special one-time dividend of $0.10 per share was also declared, reflecting the company's strong earnings and capital position. Over the past twelve months, total cash dividends increased by 20.7% to $0.67 compared to the previous year. As of December 31, 2020, UBCP reported total assets of $693.4 million and total equity of $68.3 million.

Positive

• Regular cash dividend of $0.1425 provides a forward yield of 4.32%.
• Special one-time dividend of $0.10 reflects strong earnings.
• Total cash dividends increased by 20.7% over the past twelve months.

Negative

• None.

MARTINS FERRY, OH / ACCESSWIRE / February 18, 2021 / On February 17, 2021, the Board of Directors of United Bancorp, Inc. (UBCP) declared a first quarter cash dividend of $0.1425, which is payable on March 19, 2021, to shareholders of record on March 10, 2021. At this level, the regular cash dividend produces a forward yield of 4.32% 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 special, one-time dividend of $0.10 per common share, which will also be payable on March 19, 2021, to shareholders of record on March 10, 2021. After not increasing the regular cash dividend payment level for the previous three quarters as a matter of prudence due to the COVID-19 pandemic, The United Bancorp, Inc. Board of Directors approved this special cash dividend based on the Company's continued solid earnings and strong capital position. Inclusive of the first quarter dividend payments of $0.2425, United Bancorp, Inc. has paid cash dividends of $0.67 over the course of the trailing twelve months compared to total cash dividend payments of $0.555 for the preceding trailing twelve-month period ending in the first quarter of last year, an increase of 20.7%.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $693.4 million and total shareholder's equity of $68.3 million as of December 31, 2020. Through its single bank charter, Unified Bank, the Company currently has twenty banking centers that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Marshall County in West Virginia. The Company also operates a Loan Production Office in Wheeling, WV (Ohio County). United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

CONTACT:
Scott A. Everson
President and CEO
(740) 633-0445, ext. 6154
ceo@unitedbancorp.com

Randall M. Greenwood
Senior Vice President, CFO and Treasurer
(740) 633-0445, ext. 6181
cfo@unitedbancorp.com

SOURCE: United Bancorp, Inc. (Ohio)

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FAQ

What is the cash dividend declared by United Bancorp, Inc. (UBCP) for Q1 2021?

United Bancorp, Inc. declared a cash dividend of $0.1425 for Q1 2021.

When will the cash dividend for UBCP be paid?

The cash dividend will be payable on March 19, 2021.

What is the amount of the special dividend declared by United Bancorp, Inc. (UBCP)?

The special one-time dividend declared is $0.10 per common share.

How much total cash dividends has UBCP paid over the past twelve months?

United Bancorp, Inc. has paid total cash dividends of $0.67 over the past twelve months.

What is the yield of the cash dividend declared by United Bancorp, Inc. (UBCP)?

The regular cash dividend provides a forward yield of 4.32%.