MARTINS FERRY, Ohio,
April 19, 2018 /PRNewswire/
-- On April 18, 2018, the Board
of Directors of United Bancorp, Inc. (NASDAQ: UBCP) declared the
second quarter dividend payment of $0.13 per share for shareholders of record on
June 8, 2018 with a payment date of
June 20, 2018. This payment is
equal to the cash dividend paid in the first quarter of this year
and is greater than the $0.11 per
share paid in the second quarter of last year. With this
second quarter cash dividend payment, United Bancorp, Inc. has paid
cash dividends of $0.55 over the
trailing twelve months (TTM), which does include the $0.05 special cash dividend paid to shareholders
this past December. This payout is greater than the
$0.49 paid out over the previous
year's trailing twelve month period, an increase of $0.06 or 12.24%. At this present cash
dividend payout level, the TTM Yield is 4.25% based on the most
recent quarter-ending market
price.
Scott A. Everson, President and
CEO, announced at the annual meeting held that date, the
Shareholders of UBCP elected Directors for the following year
including himself; Gary W. Glessner,
CPA and Managing Member of Glessner and Associates, PLLC;
John M. Hoopingarner, Executive
Director, Muskingum Watershed Conservancy District, New Philadelphia and Richard L. Riesbeck, Chairman of the UBCP Board
of Directors and President, Riesbeck Food Markets, Inc.,
St. Clairsville.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of
$488 million and total shareholder's
equity of $44 million as of
March 31, 2018. 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. The Company also operates a Loan
Production Office in Wheeling,
WV. 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.
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SOURCE United Bancorp, Inc.