Bank of South Carolina Corporation Announces Higher Dividend Payout
Bank of South Carolina Corporation Boosts Quarterly Dividend
Today, the Board of Directors of Bank of South Carolina Corporation (OTCQX: BKSC) declared an increase in the quarterly cash dividend, signaling a robust financial position and commitment to rewarding shareholders.
Details of the Dividend Increase
The quarterly cash dividend was set at $0.19 per share. This increase, amounting to $0.02 or a 12% rise, is an exciting development for the shareholders. In total, the cash dividends paid to shareholders throughout the Bank's history will exceed $66 million with this latest payout.
CEO Comments on Financial Performance
Eugene H. Walpole, IV, the President and Chief Executive Officer, expressed confidence in the Bank's financial health. He attributed the ability to increase the dividend to strong earnings and capital positions.
About Bank of South Carolina Corporation
Bank of South Carolina Corporation is the parent company of The Bank of South Carolina, a state-chartered financial institution. Established in 1987, the Bank has built a reputation for providing quality financial services. With branches in several communities, including Charleston and North Charleston, it continues to serve its customers effectively.
Future Prospects and Commitment
The Bank is committed to maintaining its legacy of rewarding shareholders through regular dividend payments. This commitment reflects the ongoing dedication to creating value for all stakeholders.
Frequently Asked Questions
What is the new quarterly dividend rate announced by Bank of South Carolina Corporation?
The new quarterly dividend rate is $0.19 per share, a 12% increase from the previous rate.
How long has Bank of South Carolina Corporation been in operation?
Bank of South Carolina Corporation has been in continuous operation since its inception in 1987.
What factors contributed to the dividend increase?
The increase is attributed to the strength of the Bank's earnings and capital position.
Where can I find more information about Bank of South Carolina Corporation?
More information can be found on their official website.
How much total cash have shareholders received since the Bank's inception?
Since inception, shareholders have received over $66 million in total cash dividends.
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