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UNITED BANCORP (MI) Message Board

  • o08o.ugh64w o08o.ugh64w Sep 30, 2013 8:04 PM Flag

    UNITED BANCORP, INC. COMPLETES REDEMPTION OF 50% OF OUTSTANDING SHARES OF PREFERRED STOCK

    The partial redemption of shares of Preferred Stock will result in estimated annual savings of $660,000, or $0.05 per common share, due to the elimination of payment of dividends on the redeemed shares.

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    That's an extra 5 cents per share to the bottom line annually - this will result in an immediate 10% EPS increase over the next 12 months

 
UBMI
12.10Jul 30 3:42 PMEDT