MARTINS FERRY, Ohio,
Feb. 20, 2020 /PRNewswire/ -- On
February 19, 2020, the Board of
Directors of United Bancorp, Inc. (NASDAQ: UBCP) increased the
first quarter cash dividend payment to $0.1425 per common share from the previous
quarterly cash dividend level of $0.14 per common share. Scott A. Everson, President and Chief Executive
Officer of UBCP indicated, "Paying a very solid cash dividend to
our loyal shareholders is a primary focus of our Company. At
our current regular cash dividend payout level relative to our
market value at the most recently ended quarter, our Company's
stock is generating a forward dividend yield of 3.99%, which is
significantly higher than what is presently seen within our
industry. This first quarter dividend payment will be for
shareholders of record on March 10,
2020 and payable on March 20,
2020."
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of
$685.7 million and total
shareholder's equity of $59.9 million
as of December 31, 2019.
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. The Company also operates a Loan
Production Office in Wheeling, WV
(Ohio County) and will soon have a
full-service office in Moundsville,
WV (Marshall County).
United Bancorp, Inc. trades on the NASDAQ Capital Market tier of
the NASDAQ Stock Market under the symbol UBCP, Cusip
#909911109.
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SOURCE United Bancorp, Inc.