United Security offers dividend in stock

United Security Bancshares, the Fresno-based parent company of United Security Bank, announced that it will issue a stock dividend to its shareholders based on the company’s financial performance for the third quarter of the year.

The 1 percent stock dividend will be distributed in mid-October to shareholders who own stock as of Oct. 5. This will be the 28th consecutive quarter in which the bank has issued dividends in stock instead of cash in an effort to preserve capital.

United Security’s stock is traded on Nasdaq under the stock symbol UBFO. Shares closed Friday at $5.25, up more than 3 percent from Wednesday’s closing price.

This story was originally published September 24, 2015 at 5:06 PM with the headline "United Security offers dividend in stock."