Press Release

United Bancorp, Inc. Declares its Third Quarter Regular Cash Dividend Payment at $0.13 per Share, which produces a Forward Yield of 3.85%

Company Release - 8/23/2018 11:00 AM ET

MARTINS FERRY, Ohio, Aug. 23, 2018 /PRNewswire/ -- On August 22, 2018, the Board of Directors of United Bancorp, Inc. (NASDAQ: UBCP) declared the third quarter dividend payment of $0.13 per share for shareholders of record on September 10, 2018 with a payment date of September 20, 2018.  With this third quarter cash dividend payment, United Bancorp, Inc. has paid cash dividends of $0.39 in 2018 versus $0.34 paid for the same period in 2017, an increase of $0.05 or 14.7%.  At this present cash dividend payout level, the forward yield is 3.85% based on the most recent quarter-ending market price.      

United Bancorp, Inc. logo (PRNewsfoto/United Bancorp, Inc.)

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $515 million and total shareholder's equity of $45 million as of June 30, 2018.  Through its single bank charter, Unified Bank, the Company has eighteen banking offices that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas. The Company also operates a Loan Production Office in Wheeling, WV.  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.

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SOURCE United Bancorp, Inc.