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Article: United Security Bancshares, Inc. Declares Cash Dividend.
- Article from:
- Science Letter
- Article date:
- September 8, 2009
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United Security Bancshares, Inc. (NASDAQ:USBI) announced that the Board of Directors declared a quarterly cash dividend of $0.11 per share. The dividend is payable on October 1, 2009, to shareholders of record on September 11, 2009 (see also United Security Bancshares, Inc.).
"Our cash dividend program is an important part of building long-term value for United Security shareholders," stated R. Terry Phillips, President and Chief Executive Officer of United Security Bancshares, Inc. "We are pleased to return a portion of our earnings to shareholders in the form of a cash dividend while maintaining our strong capital position during this weak economic ...