MARTINS FERRY, Ohio, Feb. 18, 2016 /PRNewswire/ -- On February 17, 2016, the Board of Directors of United Bancorp, Inc. (UBCP) declared the first quarter dividend payment of $0.10 per share for shareholders of record on March 8, 2016 with a payment date of March 18, 2016. This cash dividend amount of $0.10 per share equals the amount paid last quarter and will result in a projected total per share cash dividend for 2016 of $0.40 compared to $0.37 paid in 2015 (exclusive of the $0.05 special cash dividend payment in the fourth quarter), an increase of 8.1%. This current cash dividend payment of $0.10 generates a forward dividend yield of 4.4% based on the present market price of the Company's stock.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of approximately $405.1 million and total shareholder's equity of approximately $41.5 million as of December 31, 2015. Through its single bank charter, The Citizens Savings Bank, the Company has eighteen banking offices that serve the Ohio Counties of Athens and Fairfield through its Community Bank Division and Belmont, Carroll, Harrison, Jefferson and Tuscarawas through its Citizens Bank Division. 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.