United Bancorp, Inc. Increases its Third Quarter Cash Dividend Payment to $0.1575 per Share, which produces a Forward Yield of 3.84%

United Bancorp, Inc. (NASDAQ:UBCP) announced a third-quarter dividend of $0.1575 per share, payable on September 20, 2022, to shareholders of record as of September 9, 2022.

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Rhea-AI Summary

United Bancorp, Inc. (NASDAQ:UBCP) announced a third-quarter dividend of $0.1575 per share, payable on September 20, 2022, to shareholders of record as of September 9, 2022. This marks an increase from the dividends of $0.1525 and $0.1550 in the first two quarters. The year-to-date total cash dividends reached $0.6150, a 15% increase compared to the same period last year. The latest dividend offers a forward yield of 3.84% based on the market value of $16.39.

Positive

Increased third-quarter dividend to $0.1575 per share.
15% year-over-year increase in total cash dividends paid.
Forward yield of 3.84% based on recent market value.

Negative

None.

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News Market Reaction – UBCP

The recorded move for UBCP in the trading session of this news was +2.15%.

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08/18/2022 - 11:00 AM EDT

MARTINS FERRY, OH / ACCESSWIRE / August 18, 2022 / On August 17, 2022, the Board of Directors of United Bancorp, Inc. (NASDAQ:UBCP) declared a third quarter dividend payment of $0.1575 per share for shareholders of record on September 9, 2022 with a payment date of September 20, 2022. This payment is greater than the regular cash dividends paid in the first and second quarters of the current year, which were $0.1525 and $0.1550 respectively. With this third quarter dividend payment and year-to-date, UBCP has paid total cash dividends of $0.6150 (inclusive of a special cash dividend of $0.15 paid in the first quarter), which is an increase of $0.08, or 15.0%, over the amount paid during the same period the previous year. At the third quarter payment level, the regular cash dividend produces a forward yield of 3.84% based on UBCP's market value of $16.39 at the most recent quarter-end.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $719.1 million and total shareholder's equity of $58.3 million as of June 30, 2022. 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
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/712642/United-Bancorp-Inc-Increases-its-Third-Quarter-Cash-Dividend-Payment-to-01575-per-Share-which-produces-a-Forward-Yield-of-384

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by UBCP for the third quarter?

United Bancorp declared a dividend of $0.1575 per share for the third quarter.

What is the payment date for UBCP's third quarter dividend?

The payment date for UBCP's third quarter dividend is September 20, 2022.

How does UBCP's third quarter dividend compare to previous quarters?

The third quarter dividend of $0.1575 is higher than $0.1525 and $0.1550 paid in the first and second quarters respectively.

What is the total cash dividends paid by UBCP year-to-date?

Year-to-date, UBCP has paid a total of $0.6150 in cash dividends.

What is the forward yield for UBCP's latest dividend?

The forward yield for UBCP's latest dividend is 3.84% based on a market value of $16.39.

United Bancorp, Inc. Increases its Third Quarter Cash Dividend Payment to $0.1575 per Share, which produces a Forward Yield of 3.84%