United Bancorp, Inc. Increases its Second Quarter Cash Dividend Payment to $0.1550 per Share, which produces a Forward Yield of 3.47%, and Reports on Annual Shareholder Meeting

Rhea-AI Summary

United Bancorp, Inc. (NASDAQ:UBCP) announced a second quarter dividend payment of $0.1550 per share for shareholders of record as of June 10, 2022, to be paid on June 17, 2022. This represents an increase from the first quarter's dividend of $0.1525. Total cash dividends for the first half of 2022 have reached $0.4575, marking an 18.1% increase compared to the previous year. At this rate, the annual yield stands at 3.47% based on a market value of $17.89. The announcement was made during the annual meeting where Directors for the upcoming year were also elected.

Positive

• Dividend increased to $0.1550 per share, up from $0.1525 in Q1.
• Total cash dividends for first half 2022 reached $0.4575, an 18.1% increase from last year.
• Forward yield of 3.47% based on recent market value.

Negative

• None.

MARTINS FERRY, OH / ACCESSWIRE / April 21, 2022 / On April 20, 2022, the Board of Directors of United Bancorp, Inc. (NASDAQ:UBCP) declared a second quarter dividend payment of $0.1550 per share for shareholders of record on June 10, 2022 with a payment date of June 17, 2022. This payment is greater than the regular cash dividend paid in the first quarter, which was $0.1525. In the first two quarters of the current year, UBCP has paid total cash dividends of $0.4575 (inclusive of a special cash dividend of $0.15 paid in the first quarter), which is an increase of $0.07, or 18.1%, 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 3.47% based on UBCP's market value of $17.89 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 $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 has nineteen banking offices 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.

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)

View source version on accesswire.com:
https://www.accesswire.com/698326/United-Bancorp-Inc-Increases-its-Second-Quarter-Cash-Dividend-Payment-to-01550-per-Share-which-produces-a-Forward-Yield-of-347-and-Reports-on-Annual-Shareholder-Meeting

FAQ

What is the dividend amount declared by United Bancorp for Q2 2022?

United Bancorp declared a dividend of $0.1550 per share for the second quarter of 2022.

When will the dividend for UBCP be paid?

The dividend will be paid on June 17, 2022, to shareholders of record on June 10, 2022.

How does the Q2 2022 dividend compare to Q1?

The Q2 2022 dividend of $0.1550 is an increase from the Q1 2022 dividend of $0.1525.

What is the total cash dividend paid by UBCP in 2022 so far?

United Bancorp has paid a total of $0.4575 in cash dividends for the first half of 2022.

What is the forward yield for UBCP based on the latest market value?

The forward yield for UBCP is 3.47%, based on a market value of $17.89.