United Bancorp, Inc. Increases its Second Quarter Cash Dividend Payment to $0.1850 per Share, Which Produces a Forward Yield of 5.51%, and Reports on Annual Shareholder Meeting

MARTINS FERRY, OH / ACCESS Newswire / April 17, 2025 / On April 16, 2025, the Board of Directors of United Bancorp, Inc. (UBCP) declared a second quarter dividend payment of $0.1850 per share for shareholders of record on June 10, 2025 with a payment date of June 20, 2025. This is an increase of $0.01, or 5.7%, over the regular cash dividend paid in the second quarter of last year. In the first two quarters of the current year, UBCP has paid total cash dividends of $0.5425 (inclusive of a special cash dividend of $0.1750 paid in the first quarter), which is an increase over the previous year of $0.0450 or 9.0%. At the second quarter payment level, the regular cash dividend produces a forward yield of 5.51% based on UBCP's market value of $13.42 at the most recent quarter-end.

Scott A. Everson, Chairman, President and CEO announced at the annual meeting held that date, the Shareholders of UBCP elected Directors for the following year including himself; Gary W. Glessner, CPA and Managing Member of Glessner and Associates, PLLC, Wheeling, West Virginia; Brian M. Hendershot, President, Ohio-West Virginia Excavating, Shadyside, Ohio; John M. Hoopingarner, Of Counsel, McMahon, DeGulis LLP, Columbus, Cleveland and Cincinnati, Ohio and Bethany E. Schunn, Plant Manager, Cardinal Operating Company, Brilliant, Ohio.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $816.7 million and total shareholder's equity of $65.5 million as of December 31, 2024. 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 and Marshall County in West Virginia. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

SOURCE: United Bancorp, Inc. (Ohio)