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

Rhea-AI Summary

United Bancorp, Inc. (NASDAQ: UBCP) announced a first quarter cash dividend of $0.1525, payable on March 18, 2022, to shareholders of record on March 10, 2022. This reflects a 7.0% increase from last year. The regular cash dividend yields 3.66%. Additionally, a one-time special dividend of $0.15 per share was declared, also payable on March 18. This is attributed to the company's solid earnings and strong capital position. Projected dividends for the year are $0.76, an 11.0% increase from $0.685 in 2021.

Positive

• First quarter cash dividend increased by $0.01, or 7.0%.
• One-time special dividend of $0.15 per share.
• Total projected dividends for the year expected to rise by 11.0%.

Negative

• None.

MARTINS FERRY, OH / ACCESSWIRE / February 17, 2022 / On February 16, 2022, the Board of Directors of United Bancorp, Inc. (NASDAQ: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.

Contacts:

Scott A. Everson
President and CEO
(740) 633-0445, ext. 6154
ceo@unitedbancorp.com
or
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 amount declared by United Bancorp (UBCP) for March 2022?

United Bancorp declared a cash dividend of $0.1525 for the first quarter of 2022.

What is the payment date for the dividend declared by United Bancorp (UBCP)?

The dividend is payable on March 18, 2022.

What is the forward yield of the cash dividend for United Bancorp (UBCP)?

The forward yield is 3.66% based on the most recent market value.

What is the total projected dividend for United Bancorp (UBCP) in 2022?

The total projected dividends for 2022 are $0.76 per share.

When is the record date for the dividends of United Bancorp (UBCP)?

The record date for the dividends is March 10, 2022.