United Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
United Bancorp (NASDAQ:UBCP) announced a quarterly dividend of 17 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday and is expected to open 17 cents lower. Shareholders owning the stock by the end of Wednesday will receive the dividend on December 20, 2023.
December 04, 2023 | 2:45 pm
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United Bancorp will pay a quarterly dividend of 17 cents per share, and the stock will likely open lower by the same amount on the ex-dividend date.
The stock is expected to open lower on the ex-dividend date as the dividend payout is factored into the stock price. This is a common occurrence and is typically priced in by the market. The impact is short-term and reflects the dividend payment rather than a change in the company's fundamentals.
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