UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Item 8.01. | Other Events. |
On April 21, 2022, United Bancorp, Inc. issued a press release announcing the declaration by its Board of Directors on April 20, 2021 of the Company’s dividend for the second quarter of 2022 which will be payable on June 17, 2022 to shareholders of record on June 10, 2022. A copy of the press release is furnished herewith.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
The following exhibits are furnished herewith:
Exhibit Number | Exhibit Description | |
99 | Registrant’s press release dated April 21, 2022 |
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: April 21, 2022 | United Bancorp, Inc. |
/s/ Scott A. Everson | |
Scott A. Everson, Chief Executive Officer |
EXHIBIT 99
PRESS RELEASE
United Bancorp, Inc.
201 South 4th at Hickory Street, Martins Ferry, OH 43935
Contact: | Scott A. Everson | Randall M. Greenwood |
President and CEO | Senior Vice President, CFO and Treasurer | |
Phone: | (740) 633-0445 Ext. 6154 | (740) 633-0445 Ext. 6181 |
ceo@unitedbancorp.com | cfo@unitedbancorp.com |
FOR IMMEDIATE RELEASE: | 11:00 AM | April 21, 2022 |
United Bancorp, Inc. Increases its Second Quarter Cash Dividend Payment to $0.1550 per Share, which produces a Forward Yield of 3.47%, and Reports on Annual Shareholder Meeting.
MARTINS FERRY, OHIO ♦♦♦ On April 20, 2022, the Board of Directors of United Bancorp, Inc. (UBCP) declared a second quarter dividend payment of $0.1550 per share for shareholders of record on June 10, 2022 with a payment date of June 17, 2022. This payment is greater than the regular cash dividend paid in the first quarter, which was $0.1525. In the first two quarters of the current year, UBCP has paid total cash dividends of $0.4575 (inclusive of a special cash dividend of $0.15 paid in the first quarter), which is an increase of $0.07, or 18.1%, over the amount paid during the same period the previous year. At the second quarter payment level, the regular cash dividend produces a forward yield of 3.47% based on UBCP’s market value of $17.89 at the most recent quarter-end.
Scott A. Everson, President and CEO announced at the annual meeting held that date, the Shareholders of UBCP elected Directors for the following year including himself; Gary W. Glessner, CPA and Managing Member of Glessner and Associates, PLLC, Wheeling, West Virginia; John M. Hoopingarner, Of Counsel, McMahon, DeGulis LLP, Columbus, Cleveland and Cincinnati, Ohio and Richard L. Riesbeck, Chairman of the UBCP Board of Directors and President, Riesbeck Food Markets, Inc., St. Clairsville, Ohio.
United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $724.5 million and total shareholder’s equity of $71.7 million as of December 31, 2021. Through its single bank charter, Unified Bank, the Company has nineteen banking offices that serve the Ohio Counties of Athens, Belmont, Carroll, Fairfield, Harrison, Jefferson and Tuscarawas and Marshall County in West Virginia. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.
Cover |
Apr. 20, 2022 |
---|---|
Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Apr. 20, 2022 |
Entity File Number | 0-16540 |
Entity Registrant Name | UNITED BANCORP, INC. |
Entity Central Index Key | 0000731653 |
Entity Tax Identification Number | 34-1405357 |
Entity Incorporation, State or Country Code | OH |
Entity Address, Address Line One | 201 South 4th Street |
Entity Address, City or Town | Martins Ferry |
Entity Address, State or Province | OH |
Entity Address, Postal Zip Code | 43935-0010 |
City Area Code | 740 |
Local Phone Number | 633-0445 |
Written Communications | false |
Soliciting Material | false |
Pre-commencement Tender Offer | false |
Pre-commencement Issuer Tender Offer | false |
Title of 12(b) Security | Common Stock, Par Value $1.00 |
Trading Symbol | UBCP |
Security Exchange Name | NASDAQ |
Entity Emerging Growth Company | false |
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