MARTINS FERRY, Ohio, April 17, 2014 /PRNewswire/ -- On April 16, 2014, the Board of Directors of United Bancorp, Inc. (Nasdaq: UBCP) declared the second quarter dividend payment of $0.08 per share for shareholders of record on June 10, 2014 with a payment date of June 20, 2014. This payment is equal to the cash dividend paid in the first quarter of this year and is greater than the $0.07 per share paid in the second quarter of last year. This payment also represents an annualized cash dividend of $0.32 which provides a current yield to shareholders of 3.86% based on the most recent quarter-end market value per share.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio with total assets of approximately $407.0 million and total shareholder's equity of approximately $39.2 million as of March 31, 2014. 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.