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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): November 20, 2024

 

UNITED BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

Ohio 0-16540 34-1405357
     
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)

 

201 South 4th Street, Martins Ferry, Ohio 43935-0010
   
(Address of principal executive offices) (Zip Code)

 

Registrant’s telephone number, including area code: (740) 633-0445

 

(Former name or former address, if changed since last report.)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, Par Value $1.00 UBCP NASDAQ Capital Market

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ¨

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

 

 

 

 

 

 

Item 8.01.Other Events.

 

On November 21, 2024, United Bancorp, Inc. issued a press release announcing the declaration by its Board of Directors on November 20, 2024 of the Company’s dividend for the fourth quarter of 2024, which will be payable on December 20, 2024 to shareholders of record on December 10, 2024. A copy of the press release is furnished herewith.

 

Item 9.01.Financial Statements and Exhibits.

 

(d)        Exhibits

 

The following exhibits are furnished herewith:

 

Exhibit
Number		 Exhibit Description
   
99 Registrant’s press release dated November 21, 2024

 

 

 

 

Signatures

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  

Dated: November 22, 2024 United Bancorp, Inc.
   
 

/s/ Scott A. Everson

 

Scott A. Everson, Chief Executive Officer

 

 

 

EXHIBIT 99

 

 

 

PRESS RELEASE

 

United Bancorp, Inc.

 

201 South 4th at Hickory Street, Martins Ferry, OH 43935

 

Contact: Scott A. Everson Randall M. Greenwood
  President and CEO Senior Vice President, CFO and Treasurer
Phone: (740) 633-0445 Ext. 6154 (740) 633-0445 Ext. 6181
  ceo@unitedbancorp.com cfo@unitedbancorp.com

 

FOR IMMEDIATE RELEASE: 11:00 AM November 21, 2024

 

Subject:United Bancorp, Inc. Increases its Fourth Quarter Cash Dividend Payment to $0.18 per Share, which produces a Forward Yield of 5.4%.

 

MARTINS FERRY, OHIO ♦♦♦ On November 20, 2024, the Board of Directors of United Bancorp, Inc. (UBCP) declared a fourth quarter dividend payment of $0.18 per share for shareholders of record on December 10, 2024 with a payment date of December 20, 2024. This payment is greater than the regular cash dividends paid in the first three quarters of the current year, which were $0.1725, $0.1750 and $0.1775 respectively. With this fourth quarter dividend payment and year-to-date, UBCP has paid total cash dividends of $0.8550 (inclusive of a special cash dividend of $0.15 paid in the first quarter), which is an increase of $0.04, or 4.9%, over the amount paid during the same period the previous year. At the fourth quarter payment level, the regular cash dividend produces a forward yield of 5.4% based on UBCP’s market value of $13.13 at the most recent quarter-end.

 

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $825.5 million and total shareholder’s equity of $65.5 million as of September 30, 2024. 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.

 

 

 

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