MARTINS FERRY, Ohio,
Aug. 17, 2017 /PRNewswire/ -- On
August 16, 2017, the Board of
Directors of United Bancorp, Inc. (NASDAQ: UBCP) increased the third quarter
cash dividend payment to $0.12 per
common share from the previous quarterly cash dividend rate of
$0.11 per common share, a 9.1%
increase. With this third quarter cash dividend payment,
United Bancorp, Inc. has paid cash dividends of $0.50 over the trailing twelve months (TTM),
which does include the $0.05 special
cash dividend paid to shareholders this past December. At
this cash dividend payout level, the TTM Yield is 4.33% based on
the most current market valuation. This third quarter
dividend payment will be for shareholders of record on September 8, 2017 and payable on September 20, 2017.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio with total assets of
approximately $448.7 million and
total shareholders' equity of approximately $43.6 million as of June
30, 2017. Through its single bank charter with
eighteen banking offices, The Citizens Savings Bank serves the
Ohio Counties of Athens and Fairfield through its Community Bank Division
and Belmont, Carroll, Harrison, Jefferson, and Tuscarawas through its Citizens Bank
Division. In addition, The Citizens Bank serves Ohio County, West Virginia, through its Loan
Production Office located in Wheeling, West Virginia. United Bancorp,
Inc. is a part of the Russell Microcap Index and trades on The
NASDAQ Capital Market tier of the NASDAQ Stock Market under the
symbol UBCP, Cusip #909911109.
Certain statements contained herein are not based on historical
facts and are "forward-looking statements" within the meaning of
Section 21A of the Securities Exchange Act of 1934.
Forward-looking statements, which are based on various assumptions
(some of which are beyond the Company's control), may be identified
by reference to a future period or periods, or by the use of
forward-looking terminology, such as "project," "may," "will,"
"believe," "expect," "estimate," "anticipate," "continue," or
similar terms or variations on those terms, or the negative of
these terms. Actual results could differ materially from
those set forth in forward-looking statements, due to a variety of
factors, including, but not limited to, those related to the
economic environment, particularly in the market areas in which the
company operates, competitive products and pricing, fiscal and
monetary policies of the U.S. Government, changes in government
regulations affecting financial institutions, including regulatory
fees and capital requirements, changes in prevailing interest
rates, acquisitions and the integration of acquired businesses,
credit risk management, asset/liability management, changes in the
financial and securities markets, including changes with respect to
the market value of our financial assets, and the
availability of and costs associated with sources of
liquidity. The Company undertakes no obligation to update or
carry forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE United Bancorp, Inc.