United Bancorp, Inc. Increases its Second Quarter Cash Dividend Payment to $0.1450 per Share, which produces a Forward Yield of 4.05% and Reports on Annual Shareholder Meeting

Rhea-AI Summary

United Bancorp, Inc. (UBCP) has declared a second quarter dividend of $0.1450 per share for shareholders of record on June 10, 2021, with a payment date set for June 18, 2021. This payout represents an increase from the first quarter's regular dividend of $0.1425. With total cash dividends of $0.3875 for the first half of 2021, including a special dividend of $0.10, this marks a 36% increase compared to the same period last year. The current dividend yield stands at 4.05%.

Positive

• Second quarter dividend increased to $0.1450 per share.
• Total cash dividends of $0.3875 represent a 36% year-over-year increase.
• Forward yield of 4.05% based on recent market value.

Negative

• None.

MARTINS FERRY, OH / ACCESSWIRE / April 22, 2021 / On April 21, 2021, the Board of Directors of United Bancorp, Inc. (UBCP) declared a second quarter dividend payment of $0.1450 per share for shareholders of record on June 10, 2021 with a payment date of June 18, 2021. This payment is greater than the regular cash dividend paid in the first quarter, which was $0.1425. In the first two quarters of the current year, UBCP has paid total cash dividends of $0.3875 (inclusive of a special cash dividend of $0.10 paid in the first quarter), which is an increase of $0.1025, or 36%, over the amount paid during the same period the previous year. At the second quarter payment level, the regular cash dividend produces a forward yield of 4.05% based on the market value at the most recent quarter end.

Scott A. Everson, President and CEO announced at the annual meeting held that date, the Shareholders of UBCP elected Directors for the following year including himself; Gary W. Glessner, CPA and Managing Member of Glessner and Associates, PLLC, Wheeling, West Virginia; John M. Hoopingarner, Of Counsel, McMahon, DeGulis LLP, Columbus, Cleveland and Cincinnati, Ohio and Richard L. Riesbeck, Chairman of the UBCP Board of Directors and President, Riesbeck Food Markets, Inc., St. Clairsville, Ohio.

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 has twenty banking offices 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:

United Bancorp, Inc.
Martins Ferry, OH 43935
Contact: Scott A. Everson
President and CEO
Phone: (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)

View source version on accesswire.com:
https://www.accesswire.com/641784/United-Bancorp-Inc-Increases-its-Second-Quarter-Cash-Dividend-Payment-to-01450-per-Share-which-produces-a-Forward-Yield-of-405-and-Reports-on-Annual-Shareholder-Meeting

FAQ

What is the dividend amount declared by United Bancorp, Inc. (UBCP) for Q2 2021?

The dividend amount declared for Q2 2021 is $0.1450 per share.

When is the payment date for the dividend declared by UBCP?

The payment date for the dividend is June 18, 2021.

How much total cash dividends has UBCP paid in the first half of 2021?

United Bancorp, Inc. has paid a total of $0.3875 in cash dividends in the first half of 2021.

What is the year-over-year increase in cash dividends for UBCP?

The year-over-year increase in cash dividends is 36%.

What is the forward yield on the dividend for UBCP?

The forward yield on the dividend is 4.05% based on recent market value.