United Bancorp, Inc. Increases its Third Quarter Cash Dividend Payment to $0.1775 per Share, which produces a Forward Yield of 5.7%
Rhea-AI Summary
United Bancorp, Inc. (NASDAQ:UBCP) has declared a third quarter dividend of $0.1775 per share, payable on September 20, 2024, to shareholders of record on September 10, 2024. This represents a 6.0% increase from the previous year's third quarter dividend. Year-to-date, UBCP has paid total cash dividends of $0.6750, including a special cash dividend of $0.15 in the first quarter, marking a 4.7% increase from the same period last year. The current dividend yield stands at 5.7% based on UBCP's market value of $12.55 at the most recent quarter-end. As of June 30, 2024, United Bancorp has total assets of $821.8 million and total shareholder's equity of $60.6 million.
AI-generated analysis. Not financial advice.
Positive
- Increased third quarter dividend by 6.0% year-over-year to $0.1775 per share
- Year-to-date total cash dividends up 4.7% to $0.6750 per share
- Attractive forward dividend yield of 5.7%
- Consistent dividend growth with increases in each quarter of 2024
Negative
- None.
News Market Reaction – UBCP
On the day this news was published, UBCP gained 2.60%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MARTINS FERRY, OH / ACCESSWIRE / August 22, 2024 / On August 21, 2024, the Board of Directors of United Bancorp, Inc. (NASDAQ:UBCP) declared a third quarter dividend payment of
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of
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 |
|
SOURCE: United Bancorp, Inc. (Ohio)
View the original press release on accesswire.com