United Community Financial (UCFC) Raises Quarterly Dividend 14.3% to $0.08; 3.5% Yield

United Community Financial (NASDAQ: UCFC) declared a quarterly dividend of $0.08 per share, or $0.32 annualized. This is a 14.3% increase from the prior dividend of $0.07.

The dividend will be payable on August 13, 2019, to stockholders of record on August 5, 2019, with an ex-dividend date of August 2, 2019.

The annual yield on the dividend is 3.5 percent.

Gary M. Small, President and Chief Executive Officer of the Company commented, “The team delivered an outstanding quarter and each business line continues to contribute to our success. Balanced improvements in commercial banking, residential mortgage and our consumer business produced a very strong 9.9% net income improvement for the quarter versus the same period last year.”

Small continued, “Excellent earnings growth and an accelerated stock repurchase program combined to deliver EPS growth of 13%. Based on the strength and momentum of our performance, the board approved a 14% dividend increase. Capital management will remain a strategic priority as we are focused on delivering top tier returns for our shareholders.”

For a dividend history and other dividend-related data on United Community Financial (UCFC) click here.

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