United Security Bancshares Declares Quarterly Cash Dividend

Rhea-AI Summary

United Security Bancshares (NASDAQ: UBFO), the parent company of United Security Bank, announced that its Board of Directors declared a regular quarterly cash dividend of $0.12 per share on its common stock.

The dividend payment will be made on July 23, 2024, to shareholders of record as of July 8, 2024.

Positive

• United Security Bancshares declared a quarterly cash dividend of $0.12 per share.
• The dividend shows company confidence and provides income for shareholders.

Negative

• None.

FRESNO, Calif.--(BUSINESS WIRE)-- On June 25, 2024, the Board of Directors of United Security Bancshares (the “Company”) (NASDAQ: UBFO), the parent company of United Security Bank (the “Bank”), declared a regular quarterly cash dividend of $0.12 per share on the Company’s common stock. The dividend is payable on July 23, 2024, to shareholders of record as of July 8, 2024.

About United Security Bancshares

United Security Bancshares (NASDAQ: UBFO) is the holding company for United Security Bank, which was founded in 1987. United Security Bank is headquartered in Fresno and operates 13 full-service branch offices in Fresno, Bakersfield, Campbell, Caruthers, Coalinga, Firebaugh, Mendota, Oakhurst, San Joaquin, and Taft. Additionally, United Security Bank operates Commercial Real Estate Construction, Commercial Lending, and Consumer Lending departments. For more information, please visit www.unitedsecuritybank.com.

FORWARD-LOOKING STATEMENTS

Certain statements made in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that include projections, predictions, expectations, or beliefs about events or results or otherwise are not statements of historical facts, such as statements about the Company’s board or its structure. Although the Company believes that its expectations with respect to such forward-looking statements are based upon reasonable assumptions within the bounds of its existing knowledge of its business and operations, there can be no assurance that actual results, performance, or achievements of the Company will not differ materially from those expressed or implied by such forward-looking statements. For a more complete discussion of these risks and uncertainties, see the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, particularly the section entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Readers should carefully review all disclosures the Company files from time to time with the Securities and Exchange Commission.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240626722374/en/

Dave Kinross

SVP CFO

United Security Bancshares

559-490-6261

Source: United Security Bancshares

FAQ

What is the dividend amount declared by United Security Bancshares?

The dividend amount declared by United Security Bancshares is $0.12 per share.

When is the dividend payment date for United Security Bancshares (UBFO)?

The dividend payment date for United Security Bancshares (UBFO) is July 23, 2024.

What is the record date for the United Security Bancshares (UBFO) dividend?

The record date for the United Security Bancshares (UBFO) dividend is July 8, 2024.

How often does United Security Bancshares declare dividends?

United Security Bancshares declares dividends on a regular quarterly basis.