United Bankcorp Board Declares Third Quarter Dividend Payment

MARTINS FERRY — United Bankcorp Inc.’s board of directors declared the third quarter dividend payment of $0.13 per share will be on Sept. 10, with the payment date on Sept. 20, according to a statement the bank released last week.

With the upcoming dividend payment, United will have paid $0.39 in 2018 versus $0.34 paid for the same period in 2017. The increase is $0.05, or 14.7 percent. At that level, the forward yield is 3.85 percent based on the most recent quarter-ending market price, the bank said.

United is headquartered in Martins Ferry and has total assets of $515 million and total shareholder’s equity of $45 million as of June 30. Through its single bank charter, Unified Bank, the company has 18 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.

United 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.