Security Federal Corporation Boosts Dividend for Shareholders
Security Federal Corporation Dividend Announcement
Security Federal Corporation, the parent company of Security Federal Bank, is making headlines with its latest announcement regarding dividends. This quarter, shareholders can expect a dividend of $0.15 per share, set to be distributed around March 15, marking an exciting increase in payments.
A Year of Increased Profits
The new dividend signifies a growth of $0.01 or a 7.1% increase from the previous quarterly distribution. This development highlights the Bank’s ability to generate consistent profits, a trend that has been ongoing since the institution’s transition from a mutual ownership model to a stock-based one in October 1987.
Celebrating Consistency
For the one hundred thirty-seventh time, Security Federal Corporation is rewarding its shareholders. This consistent dividend distribution showcases a solid financial performance over the decades, reinforcing the trust that shareholders have in the Bank’s management and growth strategy.
Expansive Branch Network
Security Federal Bank’s presence is felt across multiple locations. It operates nineteen full-service branches strategically located in various towns and cities, ensuring that it remains accessible to its clients. The Bank provides a broad array of financial services including trust and investments. This reflects their commitment to serving their community and meeting diverse financial needs.
Insurance Services through Subsidiary
In addition to its banking services, Security Federal Corporation offers insurance solutions through its subsidiary, Security Federal Insurance, Inc. This move diversifies the services offered, providing clients with more comprehensive financial solutions. The combination of banking and insurance positions Security Federal as a one-stop shop for various financial needs, catering to both individual and business customers.
Shareholder Information
For those interested, the common stock of Security Federal Corporation is traded on the Over-the-Counter Bulletin Board under the ticker symbol SFDL. This gives investors the opportunity to be a part of a stable and growing financial institution.
Contact Information
For more inquiries or detailed information regarding the dividend announcement, shareholders and potential investors can reach out to Beverly S. Nettles at (803) 641-3000. The Bank ensures transparent communication, aiding stakeholders in making informed financial decisions.
Frequently Asked Questions
What is the new dividend amount announced by Security Federal Corporation?
The new quarterly dividend is set at $0.15 per share.
When will the dividend be paid out to shareholders?
The dividend is expected to be paid around March 15.
How many consecutive quarterly dividends has Security Federal Corporation paid?
This will be the one hundred thirty-seventh consecutive dividend since their conversion in 1987.
Where is Security Federal Bank located?
Security Federal Bank operates nineteen branches in various locations across South Carolina and Georgia.
What stock ticker does Security Federal Corporation use?
The common stock is traded under the symbol SFDL on the Over-the-Counter Bulletin Board.
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