United Bancorp, Inc. Announces Increased Quarterly Cash Dividend Rate
MARTINS FERRY, Ohio, Nov. 14, 2013 /PRNewswire/ -- On November 13, 2013, United Bancorp, Inc. (UBCP) increased the fourth quarter dividend payment to $0.08 per common share from the previous quarterly dividend rate of $0.07 per common share, or a 12.5% increase. This increased dividend will be payable December 20, 2013 to shareholders of record on November 27, 2013.
The United Bancorp Inc. Board of Directors approved this cash dividend increase based in part on the Company's recent earnings achievements as well as United Bancorp Inc.'s strong capital position. This cash dividend payment represents an annualized cash dividend of $0.32 and projects a current yield of 4.4% based on the present market price of the stock.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio with total assets of approximately $400.1 million and total shareholder's equity of approximately $37.1 million as of September 30, 2013. Through its single bank charter with its twenty banking offices and an operations center, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens, Fairfield and Hocking and through its Citizens Bank Division serves Belmont, Carroll, Harrison, Jefferson and Tuscarawas. 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. Please visit our web site www.unitedbancorp.com for more information.
SOURCE United Bancorp, Inc.