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United Bancorp, Inc. Declares its Second Quarter Regular Cash Dividend Payment at $0.1350 per Share which Produces a Forward Yield of 4.98% and Reports on Annual Shareholder Meeting

MARTINS FERRY, Ohio , April 18, 2019 /PRNewswire/ -- On April 17, 2019 , the Board of Directors of United Bancorp, Inc. (UBCP) declared a second quarter dividend payment of $0.1350 per share for shareholders of record on June 10, 2019 with a payment date of June 20 , 2019.  This payment is greater than the cash dividend paid in the first quarter, which was $0.1325 , and is the second quarterly increase in 2019.  At this present cash dividend payout level, the forward yield is 4.98% based on the most recent quarter-ending market price.

United Bancorp, Inc. logo (PRNewsfoto/United Bancorp, Inc.)

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 President of Glessner and Associates, PLLC; John M. Hoopingarner , Executive Director, Muskingum Watershed Conservancy District, New Philadelphia , Dr. Carl A. Novak , Dentist/Owner, Novak Dental Clinic, Clarington and Richard L. Riesbeck , Chairman of the UBCP Board of Directors and President, Riesbeck Food Markets, Inc., St. Clairsville .

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $621.0 million and total shareholder's equity of $53.8 million as of March 31, 2019 . 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 . The Company also operates a Loan Production Office in Wheeling , WV. United Bancorp, Inc. trades on the NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109.

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