United Bancorp, Inc. (NASDAQ:UBCP) to Issue Dividend Increase – $0.18 Per Share

United Bancorp, Inc. (NASDAQ:UBCP) declared a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Shareholders of record on Tuesday, December 10th will be paid a dividend of 0.18 per share by the financial services provider on Friday, December 20th. This represents a $0.72 annualized dividend and a yield of 5.45%. The ex-dividend date is Tuesday, December 10th. This is an increase from United Bancorp’s previous quarterly dividend of $0.18.

United Bancorp has raised its dividend by an average of 5.3% annually over the last three years and has raised its dividend every year for the last 12 years. United Bancorp has a dividend payout ratio of 46.7% indicating that its dividend is sufficiently covered by earnings.

United Bancorp Trading Up 4.8 %

NASDAQ UBCP traded up $0.60 during trading hours on Friday, hitting $13.21. 11,653 shares of the company’s stock were exchanged, compared to its average volume of 5,406. The firm has a market cap of $76.49 million, a price-to-earnings ratio of 9.14 and a beta of 0.41. The stock has a 50-day simple moving average of $12.87 and a 200 day simple moving average of $12.46. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 1.51. United Bancorp has a 1-year low of $10.76 and a 1-year high of $15.50.

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.