United Bancorp, Inc. Increases Quarterly Cash Dividend Payment From $0.1650 To $0.1675/Share

On August 18, 2023, the Board of Directors of United Bancorp, Inc. (UBCP) declared a third quarter dividend payment of $0.1675 per share for shareholders of record on September 8, 2023 with a payment date of September 20, 2023. This is an increase of $0.01, or 6.3%, over the regular cash dividend paid in the third quarter of the previous year. In addition, this payment is greater than the regular cash dividends paid in the first and second quarters of the current year, which were $0.1625 and $0.1650 respectively. With this third quarter dividend payment and year-to-date, UBCP has paid total cash dividends of $0.6450 (inclusive of a special cash dividend of $0.15 paid in the first quarter), which is an increase of $0.03, or 5.0%, over the amount paid during the same period the previous year. At the third quarter payment level, the regular cash dividend produces a forward yield of 5.6% based on UBCP's market value of $11.97 at the most recent quarter-end.