United Bancorp, Inc. (NASDAQ:UBCP) to Issue Dividend Increase – $0.19 Per Share

United Bancorp, Inc. (NASDAQ:UBCP) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Wednesday, December 10th will be given a dividend of 0.19 per share by the financial services provider on Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Wednesday, December 10th. This is a 1.3% increase from United Bancorp’s previous quarterly dividend of $0.19.

United Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. United Bancorp has a payout ratio of 48.4% indicating that its dividend is sufficiently covered by earnings.

United Bancorp Price Performance

Shares of NASDAQ UBCP traded down $0.10 during midday trading on Friday, hitting $12.98. The company had a trading volume of 2,355 shares, compared to its average volume of 4,685. The firm has a market capitalization of $74.92 million, a price-to-earnings ratio of 10.22 and a beta of 0.43. United Bancorp has a twelve month low of $12.25 and a twelve month high of $15.64. The business has a 50-day simple moving average of $13.31 and a two-hundred day simple moving average of $13.73. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 1.66.

United Bancorp (NASDAQ:UBCP) last issued its earnings results on Friday, November 7th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter. United Bancorp had a net margin of 16.44% and a return on equity of 11.96%. The company had revenue of $8.08 million during the quarter.

About United Bancorp

United Bancorp, Inc operates as the bank holding company for Unified Bank that provides commercial and retail banking services in Ohio. The company provides range of banking and financial services, which includes accepting demand, savings, and time deposits. It also offers commercial, real estate and consumer loans.