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Article: United Security Bancshares Declares Cash Dividend.
- Article from:
- Science Letter
- Article date:
- March 10, 2009
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United Security Bancshares, Inc. (NASDAQ:USBI) announced that it declared a cash dividend of $0.27 per share. The dividend is payable on April 1, 2009, to shareholders of record on March 13, 2009 (see also United Security Bancshares, Inc.).
"Our cash dividend program is an important part of United Security's strategy to return a portion of our earnings to shareholders," stated R. Terry Phillips, President and Chief Executive Officer of United Security Bancshares, Inc. "We remain focused on building shareholder value through our dividend program while maintaining a strong capital position."
"Our total risk-based capital was 17.49% at year-end 2008, ...