United Security Bancshares Declares Quarterly Cash Dividend

Rhea-AI Summary

United Security Bancshares (NASDAQ: UBFO) has announced a regular quarterly cash dividend of $0.12 per share on the company's common stock. The dividend was declared by the Board of Directors on December 17, 2024. Shareholders of record as of January 2, 2025, will receive the payment on January 17, 2025. United Security Bancshares is the parent company of United Security Bank.

Positive

• Consistent dividend payment indicates financial stability
• Quarterly dividend of $0.12 per share provides steady income for shareholders

Negative

• None.

FRESNO, Calif.--(BUSINESS WIRE)-- On December 17, 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 January 17, 2025, to shareholders of record as of January 2, 2025.

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, Fowler, 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/20241218021808/en/

Dave Kinross

SVP CFO

United Security Bancshares

559-490-6261

Source: United Security Bancshares

FAQ

What is the dividend amount for UBFO stock in Q1 2025?

United Security Bancshares (UBFO) declared a quarterly cash dividend of $0.12 per share for Q1 2025.

When is the ex-dividend date for UBFO's Q1 2025 dividend?

Based on the January 2, 2025 record date, the ex-dividend date would be one business day before the record date.

What is the payment date for UBFO's latest quarterly dividend?

The dividend payment date is January 17, 2025.

Who is eligible to receive UBFO's Q1 2025 dividend payment?

Shareholders who own UBFO stock as of the record date of January 2, 2025, are eligible to receive the dividend payment.

How often does United Security Bancshares (UBFO) pay dividends?

United Security Bancshares pays regular quarterly cash dividends to shareholders.