United Bancorp, Inc. Declares Quarterly Cash Dividend Payment With A Forward Yield of 4.5%
MARTINS FERRY, Ohio, Feb. 19, 2015 /PRNewswire/ -- On February 18, 2015 the Board of Directors of United Bancorp, Inc. (NASDAQ: UBCP) declared the first quarter dividend payment of $0.09 per share for shareholders of record on March 10, 2015 with a payment date of March 20, 2015. This cash dividend amount of $0.09 per share equals the amount paid last quarter and will result in a projected total per share cash dividend for 2015 of $0.36 compared to $0.33 paid in 2014, an increase of 9.1%. This payment generates a forward dividend yield of 4.5% based on the present market price of the stock.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of approximately $401.8 million and total shareholder's equity of approximately $40.4 million as of December 31, 2014. Through its single bank charter with its nineteen banking offices, a dedicated training center and an operations center, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens and Fairfield and through its Citizens Bank Division serves the Ohio Counties of 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 website www.unitedbancorp.com for more information.
SOURCE United Bancorp, Inc.
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