MARTINS FERRY, Ohio,
Aug. 21, 2014 /PRNewswire/ -- On
August 20, 2014, the Board of
Directors of United Bancorp, Inc. (UBCP) declared the third quarter
dividend payment of $0.08 per share
for shareholders of record on September 9,
2014 with a payment date of September
19, 2014. This payment is equal to the cash dividend
paid in the first and second quarters of this year and is greater
than the $0.07 per share paid in the
third quarter of last year. This payment represents an
annualized cash dividend of $0.32
which provides a current yield to shareholders of 3.93% 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 $399.0 million and
total shareholder's equity of approximately $39.7 million as of June
30, 2014. Through its single bank charter with its
nineteen banking offices and an operations center, 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.