United Bancorp, Inc. (NASDAQ:UBCP) to Issue Dividend Increase – $0.20 Per Share

United Bancorp, Inc. (NASDAQ:UBCP) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.1975 per share by the financial services provider on Friday, September 18th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Thursday, September 10th. This is a 1.3% increase from United Bancorp’s previous quarterly dividend of $0.20.

United Bancorp has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. United Bancorp has a dividend payout ratio of 50.3% indicating that its dividend is sufficiently covered by earnings.

United Bancorp Price Performance

UBCP stock opened at $16.20 on Friday. The business has a 50 day moving average price of $15.71 and a 200 day moving average price of $15.52. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.10. The stock has a market cap of $92.99 million, a price-to-earnings ratio of 11.74 and a beta of 0.34. United Bancorp has a fifty-two week low of $12.47 and a fifty-two week high of $17.33.

United Bancorp (NASDAQ:UBCP) last released its quarterly earnings data on Friday, July 24th. The financial services provider reported $0.36 earnings per share for the quarter. United Bancorp had a net margin of 16.55% and a return on equity of 11.53%. The company had revenue of $8.62 million for the quarter.

United Bancorp Company Profile

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. The company provides range of banking and financial services, which includes accepting demand, savings, and time deposits. It also offers commercial, real estate and consumer loans. United Bancorp, Inc was founded in 1902 and is headquartered in Martins Ferry, Ohio.