United Bancorp, Inc. Declares Quarterly Cash Dividend Payment With A Current Yield of 4.01%

Aug 20, 2015, 11:00 ET from United Bancorp, Inc.

MARTINS FERRY, Ohio, Aug. 20, 2015 /PRNewswire/ -- On August 19, 2015, the Board of Directors of United Bancorp, Inc. (NASDAQ: UBCP) declared the third quarter dividend payment of $0.09 per share for shareholders of record on September 8, 2015 with a payment date of September 18, 2015.  This payment is equal to the cash dividend paid in the first and second quarters of this year and is greater than the $0.08 per share paid in the third quarter of last year.  This payment represents an annualized cash dividend of $0.36 which provides a current yield to shareholders of 4.01% 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 $406.7 million and total shareholder's equity of approximately $41.1 million as of June 30, 2015.  Through its single bank charter with its eighteen banking offices, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens and Fairfield 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.

Certain statements contained herein are not based on historical facts and are "forward-looking statements" within the meaning of Section 21A of the Securities Exchange Act of 1934.  Forward-looking statements, which are based on various assumptions (some of which are beyond the Company's control), may be identified by reference to a future period or periods, or by the use of forward-looking terminology, such as "project," "may," "will," "believe," "expect," "estimate," "anticipate," "continue," or similar terms or variations on those terms, or the negative of these terms.  Actual results could differ materially from those set forth in forward-looking statements, due to a variety of factors, including, but not limited to, those related to the economic environment, particularly in the market areas in which the company operates, competitive products and pricing, fiscal and monetary policies of the U.S. Government, changes in government regulations affecting financial institutions, including regulatory fees and capital requirements, changes in prevailing interest rates, acquisitions and the integration of acquired businesses, credit risk management, asset/liability management, changes in the financial and securities markets, including changes with respect to the market value of our financial  assets, and the availability of and costs associated with sources of liquidity.  The Company undertakes no obligation to update or carry forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE United Bancorp, Inc.