MARTINS FERRY, OH / ACCESS Newswire / February 20, 2025 / On February 19, 2025, the Board of Directors of United Bancorp, Inc. (UBCP) declared a first quarter cash dividend of $0.1825, which is payable on March 20, 2025 to shareholders of record on March 10, 2025. This is an increase of $0.01, or 5.8%, over the cash dividend paid in the first quarter of last year. At this new level and on a forward basis, the regular cash dividend is $0.73, which produces a forward yield of 5.6% based on the market value at the most recent quarter-end.
In addition to this regular cash dividend payment, the Board of Directors of United Bancorp, Inc. also approved a one-time, special dividend of $0.1750 per common share, which is payable on March 20, 2025 to shareholders of record on March 10, 2025. This is an increase of $0.025, or 16.7%, over the special dividend payment amount paid the previous year. The Board of Directors approved this special cash dividend based on the Company's continued solid earnings, ample liquidity and strong capital position. At the current quarterly cash dividend payment level on a forward basis and inclusive of this special dividend payment, United Bancorp, Inc. is projected to pay cash dividends of $0.9050 in the current year.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $820.8 million and total shareholder's equity of $67.6 million as of December 31, 2024. Through its single bank charter, Unified Bank, the Company currently has eighteen banking centers 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.
Contacts: |
| Scott A. Everson |
| Randall M. Greenwood |
|
| Chairman, President and CEO |
| Senior Vice President, CFO and Treasurer |
|
| (740) 633-0445, ext. 6154 |
| (740) 633-0445, ext. 6181 |
|
| ceo@unitedbancorp.com |
| cfo@unitedbancorp.com |
SOURCE: United Bancorp, Inc. (Ohio)
