United Bancorp, Inc. Increases its Fourth Quarter Cash Dividend Payment to $0.18 per Share, which produces a Forward Yield of 5.4%

Rhea-AI Summary

United Bancorp (NASDAQ:UBCP) has announced a fourth quarter dividend payment of $0.18 per share, payable on December 20, 2024, to shareholders of record on December 10, 2024. This represents an increase from previous quarterly payments of $0.1725, $0.1750, and $0.1775. Year-to-date, UBCP has paid total cash dividends of $0.8550, including a special dividend of $0.15, marking a 4.9% increase from the previous year. The regular dividend yields 5.4% based on UBCP's market value of $13.13. The company reports total assets of $825.5 million and shareholder's equity of $65.5 million as of September 30, 2024.

Positive

• Increased quarterly dividend to $0.18 per share
• Total dividend payments up 4.9% year-over-year
• Attractive forward dividend yield of 5.4%
• Strong asset base of $825.5 million

Negative

• None.

News Market Reaction

+2.38%

1 alert

+2.38% News Effect

On the day this news was published, UBCP gained 2.38%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MARTINS FERRY, OH / ACCESSWIRE / November 21, 2024 / On November 20, 2024, the Board of Directors of United Bancorp, Inc. (NASDAQ:UBCP) declared a fourth quarter dividend payment of $0.18 per share for shareholders of record on December 10, 2024 with a payment date of December 20, 2024. This payment is greater than the regular cash dividends paid in the first three quarters of the current year, which were $0.1725, $0.1750 and $0.1775 respectively. With this fourth quarter dividend payment and year-to-date, UBCP has paid total cash dividends of $0.8550 (inclusive of a special cash dividend of $0.15 paid in the first quarter), which is an increase of $0.04, or 4.9%, over the amount paid during the same period the previous year. At the fourth quarter payment level, the regular cash dividend produces a forward yield of 5.4% based on UBCP's market value of $13.13 at the most recent quarter-end.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $825.5 million and total shareholder's equity of $65.5 million as of September 30, 2024. Through its single bank charter, Unified Bank, the Company has eighteen 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	Randall M. Greenwood
	President and CEO	Senior Vice President, CFO and Treasurer
Phone:	(740) 633-0445 Ext. 6154	(740) 633-0445 Ext. 6181
	ceo@unitedbancorp.com	cfo@unitedbancorp.com

SOURCE: United Bancorp, Inc. (Ohio)

View the original press release on accesswire.com

FAQ

What is United Bancorp's (UBCP) latest quarterly dividend amount for Q4 2024?

United Bancorp declared a fourth quarter dividend of $0.18 per share for 2024.

When is UBCP's Q4 2024 dividend payment date?

The Q4 2024 dividend will be paid on December 20, 2024, to shareholders of record as of December 10, 2024.

What is United Bancorp's (UBCP) current dividend yield?

Based on UBCP's market value of $13.13, the regular cash dividend produces a forward yield of 5.4%.

How much has UBCP paid in total dividends for 2024?

UBCP has paid total cash dividends of $0.8550 in 2024, including a special cash dividend of $0.15 in the first quarter.