United Bancorp, Inc. Declares a Quarterly Cash Dividend of $0.1625 per Common Share Producing a Forward Yield of 4.42% and Announces a Special Dividend Payment of $0.15 per Common Share

Rhea-AI Summary

United Bancorp, Inc. (UBCP) has declared a first-quarter cash dividend of $0.1625, payable on March 20, 2023, to shareholders of record on March 10, 2023. This reflects a 6.6% increase over last year’s first-quarter dividend. The forward cash dividend based on this announcement stands at $0.65, yielding 4.42%. Additionally, the Board approved a one-time special dividend of $0.15 per common share, also payable on March 20, 2023. The special dividend underscores the company's strong financial standing, with total assets of $757.4 million.

Positive

• Quarterly cash dividend increased by 6.6%, now $0.1625 per share.
• Special dividend of $0.15 per share highlights strong financial performance.
• Forward yield of 4.42% offers attractive income for shareholders.

Negative

• None.

MARTINS FERRY, OH / ACCESSWIRE / February 23, 2023 / On February 22, 2023, the Board of Directors of United Bancorp, Inc. (UBCP) declared a first quarter cash dividend of $0.1625, which is payable on March 20, 2023 to shareholders of record on March 10, 2023. This is an increase of $0.01, or 6.6%, 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 $0.65, which produces a forward yield of 4.42% 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 20, 2023 to shareholders of record on March 10, 2023. 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 $0.80 in the current year.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $757.4 million and total shareholder's equity of $57.6 million as of December 31, 2022. Through its single bank charter, Unified Bank, the Company currently has eighteen 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		Randall M. Greenwood
President and CEO		Senior Vice President, CFO and Treasurer
(740) 633-0445, ext. 6154		(740) 633-0445, ext. 6181
ceo@unitedbancorp.com		cfo@unitedbancorp.com

SOURCE: United Bancorp, Inc. (Ohio)

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https://www.accesswire.com/740518/United-Bancorp-Inc-Declares-a-Quarterly-Cash-Dividend-of-01625-per-Common-Share-Producing-a-Forward-Yield-of-442-and-Announces-a-Special-Dividend-Payment-of-015-per-Common-Share

FAQ

What is United Bancorp's (UBCP) cash dividend for Q1 2023?

United Bancorp declared a cash dividend of $0.1625 for Q1 2023.

When will the dividends be paid for UBCP?

Both the regular and special dividends will be paid on March 20, 2023.

What is the yield of United Bancorp's dividends?

The forward yield based on the latest dividend is 4.42%.

What is the total amount of dividends projected for United Bancorp in 2023?

United Bancorp is projected to pay total cash dividends of $0.80 in 2023.