GREENWOOD, S.C. - United Financial Corp. of South Carolina Inc. said its board approved a regular quarterly dividend of 8 cents, payable Oct. 1, to shareholders of record Sept. 10.

The company said that as a result of the 3-for-2 stock split distributed last month, the dividend represented an effective increase of 50% from the 5.3 cents that would have been paid on postsplit shares under the old rate.

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