United Bancorp increases quarterly cash dividend 6.3% to 16.75c per share

On August 18, 2023, the Board of Directors of United Bancorp declared a third quarter dividend payment of 16.75c per share for shareholders of record on September 8, 2023 with a payment date of September 20, 2023. This is an increase of 1c, 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 16.25c and 16.50c respectively. With this third quarter dividend payment and year-to-date, UBCP has paid total cash dividends of 64.50c, which is an increase of 3c, 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.