United Bancorp, Inc. (UBCP) to Issue Quarterly Dividend of $0.18 on September 20th

United Bancorp, Inc. (NASDAQ:UBCP) announced a quarterly dividend on Wednesday, August 21st, Wall Street Journal reports. Investors of record on Tuesday, September 10th will be paid a dividend of 0.1775 per share by the financial services provider on Friday, September 20th. This represents a $0.71 annualized dividend and a yield of 5.92%. The ex-dividend date is Tuesday, September 10th. This is an increase from United Bancorp’s previous quarterly dividend of $0.18.

United Bancorp has raised its dividend payment by an average of 5.3% per year over the last three years and has raised its dividend annually for the last 12 consecutive years. United Bancorp has a dividend payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings.

United Bancorp Stock Up 2.0 %

Shares of NASDAQ:UBCP traded up $0.24 on Friday, hitting $12.00. 10,717 shares of the company’s stock were exchanged, compared to its average volume of 4,633. The firm’s 50-day moving average is $12.24 and its 200 day moving average is $12.46. The company has a market capitalization of $71.40 million, a PE ratio of 7.58 and a beta of 0.41. United Bancorp has a 1-year low of $9.70 and a 1-year high of $15.50. The company has a debt-to-equity ratio of 1.63, a quick ratio of 0.80 and a current ratio of 0.80.

Insider Activity

In other news, CEO Scott A. Everson bought 2,092 shares of the stock in a transaction dated Friday, June 21st. The shares were acquired at an average price of $12.33 per share, with a total value of $25,794.36. Following the completion of the acquisition, the chief executive officer now directly owns 159,051 shares in the company, valued at $1,961,098.83. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders acquired 4,310 shares of company stock valued at $53,044. Insiders own 11.71% of the company’s stock.

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.