UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13
OR 15(d) of
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| Item 8.01. | Other Events. |
On April 20, 2023, United Bancorp, Inc. issued a press release announcing the declaration by its Board of Directors on April 19, 2023 of the Company’s dividend for the second quarter of 2023 which will be payable on June 20, 2023 to shareholders of record on June 9, 2023. 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 |
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, 2023 | United Bancorp, Inc. |
| /s/ Scott A. Everson | |
| Scott A. Everson, Chief Executive Officer |
EXHIBIT 99
United
Bancorp, Inc.
Martins Ferry, Ohio
Contacts:
Scott A. Everson, President and CEO, [email protected]
Randall M. Greenwood, Senior Vice President and CFO, [email protected]
United Bancorp, Inc. Increases its Second Quarter Cash Dividend Payment to $0.1650 per Share, which produces a Forward Yield of 4.6%, and Reports on Annual Shareholder Meeting
MARTINS FERRY, OHIO ¨¨¨ On April 19, 2023, the Board of Directors of United Bancorp, Inc. (UBCP) declared a second quarter dividend payment of $0.1650 per share for shareholders of record on June 9, 2023 with a payment date of June 20, 2023. This is an increase of $0.01, or 6.5%, over the regular cash dividend paid in the second quarter of last year. In the first two quarters of the current year, UBCP has paid total cash dividends of $0.4775 (inclusive of a special cash dividend of $0.15 paid in the first quarter). At the second quarter payment level, the regular cash dividend produces a forward yield of 4.6% based on UBCP’s market value of $14.50 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 $757.4 million and total shareholder’s equity of $57.6 million as of December 31, 2022. Through its single bank charter, Unified Bank, the Company has eighteen 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.