Form 8-K UNITED BANCORP INC /OH/ For: Nov 16

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): November 16, 2016

 

 

UNITED BANCORP, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Ohio		0-16540		34-1405357
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)
201 South 4th Street, Martins Ferry, Ohio				43935-0010
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: (740) 633-0445

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

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Item 8.01.

Other Events.

On November 17, 2016, Registrant issued a press release announcing the declaration by its Board of Directors on November 16, 2016 of the Company’s fourth quarter cash dividend of $0.11 per common share, which is payable on December 20, 2016 to shareholders of record on December 9, 2016. In addition to this regular cash dividend payment, the Board of Directors approved a special dividend of $0.05 per common share, which will be payable on December 30, 2016 to shareholders of record on December 9, 2016. A copy of Registrant’s press release is furnished as Exhibit 99.

 

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 November 17, 2016

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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: November 18, 2016						UNITED BANCORP, INC.
						/s/ Scott A. Everson
						Scott A. Everson
						President & Chief Executive Officer

Exhibit 99

 

 

P. O. BOX 10 ● MARTINS FERRY, OHIO 43935 ● Phone: 740/633-BANK		Fax:740/633-1448

We are United to Better Serve You!

 

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
		[email protected]		[email protected]
FOR IMMEDIATE RELEASE:         11:00 AM				November 17, 2016

United Bancorp, Inc. Declares a Quarterly Cash Dividend of $0.11 per Common Share Producing a Forward Yield of 4.04% and Announces a Special Dividend Payment of $0.05 per Common Share

MARTINS FERRY, OHIO ◆◆◆ On November 16, 2016, the Board of Directors of United Bancorp, Inc. (UBCP) declared a fourth quarter cash dividend of $0.11, which is payable on December 20, 2016, to shareholders of record on December 9, 2016. At this level, the regular cash dividend produces a forward yield of 4.04% based on the market value at the most recent quarter end and represents an increase during the current year of $0.05, or 13.51%, over the regular cash dividend payout in 2015.

In addition to this regular cash dividend payment, the Board of Directors of United Bancorp, Inc. approved a special dividend of $0.05 per common share, which will be payable on December 30, 2016, to shareholders of record on December 9, 2016. The United Bancorp, Inc. Board of Directors approved this special cash dividend based on the Company’s solid earnings and strong capital position. With the regular cash dividend and this special dividend payout, United Bancorp, Inc. will pay total cash dividends of $0.47 per common share in 2016.

United Bancorp, Inc. is headquartered in Martins Ferry, Ohio and has total assets of $425.5 million and total shareholder’s equity of $42.8 million as of September 30, 2016. Through its single bank charter with its eighteen banking offices, The Citizens Savings Bank through its Community Bank Division serves the Ohio Counties of Athens and Fairfield and through its Citizens Bank Division serves the Ohio Counties of Belmont, Carroll, Harrison, Jefferson and Tuscarawas. In addition, the Bank expanded its geographic footprint during this most recent quarter by opening a Loan Production Office in Wheeling, West Virginia. United Bancorp, Inc. is a part of the Russell Microcap Index and trades on The NASDAQ Capital Market tier of the NASDAQ Stock Market under the symbol UBCP, Cusip #909911109. Please visit our website www.unitedbancorp.com for more information.

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