United Community Financial Corp (NASDAQ:UCFC) to Issue $0.07 Quarterly Dividend

United Community Financial Corp (NASDAQ:UCFC) announced a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Stockholders of record on Monday, April 29th will be paid a dividend of 0.07 per share by the savings and loans company on Friday, May 10th. This represents a $0.28 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, April 26th.

United Community Financial has increased its dividend by an average of 54.9% per year over the last three years and has raised its dividend every year for the last 3 years. United Community Financial has a dividend payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect United Community Financial to earn $0.88 per share next year, which means the company should continue to be able to cover its $0.28 annual dividend with an expected future payout ratio of 31.8%.

UCFC opened at $9.27 on Friday. The stock has a market cap of $459.36 million, a P/E ratio of 12.53 and a beta of 0.56. United Community Financial has a twelve month low of $8.49 and a twelve month high of $11.98. The company has a current ratio of 1.05, a quick ratio of 1.01 and a debt-to-equity ratio of 0.79.

United Community Financial (NASDAQ:UCFC) last posted its quarterly earnings results on Tuesday, April 16th. The savings and loans company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $28.26 million for the quarter, compared to analyst estimates of $28.00 million. United Community Financial had a return on equity of 12.20% and a net margin of 27.09%. Equities analysts predict that United Community Financial will post 0.81 EPS for the current year.

In other United Community Financial news, Director Richard J. Schiraldi sold 16,369 shares of United Community Financial stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $9.26, for a total transaction of $151,576.94. Following the transaction, the director now directly owns 5,751 shares of the company’s stock, valued at $53,254.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.20% of the stock is owned by insiders.

A number of research firms recently weighed in on UCFC. Boenning Scattergood restated a “hold” rating on shares of United Community Financial in a research report on Friday, January 25th. BidaskClub downgraded shares of United Community Financial from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 26th. Zacks Investment Research raised shares of United Community Financial from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Thursday, March 14th. Finally, ValuEngine downgraded shares of United Community Financial from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. United Community Financial currently has a consensus rating of “Hold” and an average target price of $11.50.

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About United Community Financial

United Community Financial Corp. operates as the holding company for Home Savings Bank that provides consumer and business banking services. The company offers various deposit instruments, including checking accounts, regular savings accounts, money market accounts, individual retirement accounts, and certificates of deposit.

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Dividend History for United Community Financial (NASDAQ:UCFC)

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