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.

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.

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 $0.1775 per share for shareholders of record on September 10, 2024 with a payment date of September 20, 2024. This is an increase of $0.01, or 6.0%, over the regular cash dividend paid in the third quarter of the previous year. In addition, this payment is greater than the regular cash dividends paid in the first and second quarters of the current year, which were $0.1725 and $0.1750 respectively. With this third quarter dividend payment and year-to-date, UBCP has paid total cash dividends of $0.6750 (inclusive of a special cash dividend of $0.15 paid in the first quarter), which is an increase of $0.03, or 4.7%, over the amount paid during the same period last year. At the third quarter payment level, the regular cash dividend produces a forward yield of 5.7% based on UBCP's market value of $12.55 at the most recent quarter-end.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $821.8 million and total shareholder's equity of $60.6 million as of June 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) third quarter dividend for 2024?

United Bancorp (UBCP) declared a third quarter dividend of $0.1775 per share for 2024.

When will UBCP pay its third quarter 2024 dividend?

UBCP will pay its third quarter 2024 dividend on September 20, 2024, to shareholders of record on September 10, 2024.

How much has UBCP increased its dividend compared to last year?

UBCP increased its third quarter dividend by 6.0% compared to the same quarter last year.

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

Based on UBCP's market value of $12.55 at the most recent quarter-end, the current dividend yield is 5.7%.

How much has UBCP paid in total dividends year-to-date for 2024?

UBCP has paid total cash dividends of $0.6750 per share year-to-date for 2024, including a special cash dividend of $0.15 in the first quarter.