Alabama's United Bancorporation Doing What Any Strong Company Does and What Many Seem to Have Forgotten

United Bancorporation Announces Dividend in Encouraging Sign for Overall State Growth

Alabama's United Bancorporation Doing What Any Strong Company Does and What Many Seem to Have Forgotten

ATMORE, Ala. -- I trust banks like I trust lawyers I can throw, but when its homegrown and community oriented, then that spells a deeper commitment to the cause of citizenry, to a degree.

Years after Birmingham loss it's title as the financial center of the South, with the lost of South Trust and AmSouth and Compass HQ relocating out of state, community banks have come into their own. 

United Bancorporation of Alabama, Inc. (OTCQX: UBAB), the parent company of United Bank, Town-Country United Bank, and UB Community Development, has announced a semiannual dividend of $0.50 per share. This dividend will be distributed on or around July 16, 2024, to stockholders of record as of June 30, 2024, signaling positive news for the state's economy.

As a recreational trader and student of the market, I can tell you that not all companies pay dividends, and most stocks do not. Companies that do pay dividends are often larger, more established, and have a history of reliable growth. For example, larger and slower-growing businesses are more likely to pay dividends than smaller, faster-growing companies. 

Distributions are announced in advance and determined by the company's board of directors. Companies pay dividends for a variety of reasons, most often to show their financial stability and to keep or attract investors. Not all stocks pay dividends — in fact, most do not.

United Bancorporation of Alabama, Inc., a $1.4 billion financial holding company, primarily serves Southwest Alabama and Northwest Florida. As a Community Development Financial Institution (CDFI), United is dedicated to promoting economic growth in underserved communities. United Bank operates 20 locations across five counties, while Town-Country United Bank focuses on Wilcox County and its neighboring areas. UB Community Development drives economic and community progress through its New Markets Tax Credits, affordable housing, and community facilities programs.

So for these reasons and the fact that it's here in Dixie, United Bancorporation gets a Cotton State Better Business Badge from me. Good work, guys!

For more detailed quarterly reports, visit the investor relations section at Member FDIC.