This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

United Bancorp, Inc. Declares Its Fourth Quarter Regular Cash Dividend Payment At $0.07 Per Share Payable On December 20, 2012 To Shareholders Of Record On November 26, 2012

MARTINS FERRY, Ohio, Nov. 15, 2012 /PRNewswire/ -- On November 14, 2012, the Board of Directors of United Bancorp, Inc. (UBCP) declared the fourth quarter dividend payment of $0.07 per share for shareholders of record on November 26, 2012 with a payment date of December 20, 2012.  This cash dividend amount of $0.07 per share equals the amount paid last quarter and will result in a total per share cash dividend for 2012 of $0.42 compared to the $0.56 paid in 2011.

James W. Everson, Chairman, President and CEO stated, "A weak economic recovery, the continuation of a zero rate monetary policy and the cumulative impact of government regulatory policies reducing our fee income opportunities and increasing our compliance expenses collectively have led to our earnings performance being significantly impacted as reported to the media and on our web site in our September 30 th Earnings Release. Our original budget forecasts did not anticipate the continuation of this zero-based monetary policy.  On this basis, we continued to reward our shareholders with a high yielding dividend payment until last quarter when we reduced our cash dividend payment by 50%.  This action was taken with much consideration after it became apparent there would not be a normalization of interest rates as we originally anticipated due to continuing changes in the policy of the Federal Reserve.  Today, we are impacting earnings by holding 20% of our assets in liquid low yielding funds and are not taking undue market risk by extending investment maturities for return until we gain a better understanding of our economy's direction.  We continue to aggressively and selectively make loans in the markets that we serve and consider this to be our only prudent and viable opportunity to generate an acceptable yield.  This short term pain will lead to long term gain as interest rates begin to recover which will lead to increased dividend payments.  Your Board of Directors and Management Team are taking both necessary and prudent action to manage the 'G' risk of banking to assure long term growth of shareholder value as we continue to travel through these uncharted waters of continuing and impending regulatory reform and unprecedented low interest rate policy." 

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,096.90 -106.47 -0.58%
S&P 500 2,098.53 -9.25 -0.44%
NASDAQ 4,967.1410 -12.76 -0.26%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs