United Bancorp (UBCP) Declares 10% Share Dividend, Quarterly Dividend and Renewal of Stock Buyback Plan

November 22, 2006 1:49 PM EST

United Bancorp, Inc. (Nasdaq: UBCP) declared a 10% share dividend and a quarterly cash dividend payment of $0.13 per share for shareholders of record on December 1, 2006 and approved the renewal of the company's stock buy back program authorizing management to purchase up to $2,000,000 of UBCP common shares in the open market over the next two years.

On December 20, 2006, shareholders of record will receive additional stock shares equal to 10% of their present holdings plus payment representing any fractional share based on the bid price of UBCP on record date. Payment of the fourth quarter dividend in the amount of $0.13 per share will be on total holdings including the new share dividend. This will result in a 10% increase in the fourth quarter dividend payment.


Related Categories

Dividends
Stock Buybacks

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