United Bancorp raises Q2 dividend to 18.5c from 17.5c per share

United Bancorp (UBCP) declared a Q2 dividend payment of 18.5c per share for shareholders of record on June 10, with a payment date of June 20. This is an increase of 1c, or 5.7%, over the regular cash dividend paid in Q2 of last year. In the first two quarters of the current year, United Bancorp has paid total cash dividends of 54.25c, inclusive of a special cash dividend of 17.5 paid in Q1, which is an increase over the previous year of 4.5c, or 9%. At the Q2 payment level, the regular cash dividend produces a forward yield of 5.51%.