South Atlantic Bancshares, Inc. Announces Exciting Dividend News

South Atlantic Bancshares Declares Cash Dividend

South Atlantic Bancshares, Inc. (OTCQX: SABK) recently shared notable news that is set to please its shareholders. The company has declared a cash dividend of $0.10 per share on its common stock, reflecting its solid performance and commitment to returning value to investors.

Details of the Cash Dividend

This dividend will be payable on a specified date, and shareholders will receive the dividends if they hold shares at the close of business before the record date. The Board of Directors’ decision indicates confidence in the company’s ongoing strength and future prospects.

CEO's Commentary on Dividend Declaration

K. Wayne Wicker, the Chairman and CEO of South Atlantic, expressed enthusiasm about the dividend, highlighting how the organization has navigated challenges effectively and ended the year on a strong note. This marks the third consecutive annual cash dividend paid by the company, a testament to its stability and positive outlook. Wicker acknowledged the unwavering support from shareholders, emphasizing its importance for the success of South Atlantic Bancshares.

About South Atlantic Bancshares

South Atlantic Bancshares, Inc. is more than just a bank holding company; it represents a commitment to the community. With total assets around $1.8 billion, this institution provides essential banking services to individuals and local businesses along the vibrant coastline of South Carolina. With a full-service approach, South Atlantic Bank offers various banking products, including consumer services and specialized financial solutions, demonstrating its dedication to personalized community banking.

Banking Services and Innovations

Among the many offerings of South Atlantic Bank, the mobile banking app, South Atlantic Bank goMobile, allows users to manage their finances conveniently. The institution provides a comprehensive range of services designed to empower clients and streamline their banking experience, including mortgage solutions and treasury management.

Investor Resources and Transparency

For shareholders and potential investors, South Atlantic Bancshares maintains an informative website hosting a variety of financial documents, such as annual reports and meeting materials. This transparency builds trust and encourages engagement with the investor community.

Engaging with Shareholders

Investor relations are a priority for South Atlantic Bancshares. The company actively communicates with shareholders through various channels, keeping them informed about the firm’s performance and future strategies. This open line of communication fosters a strong relationship built on trust and mutual benefit, critical in today’s dynamic market environment.

Community Commitment

Beyond providing banking services, South Atlantic Bank is deeply committed to supporting local communities. The bank’s initiatives focus on uplifting the regions it serves, reinforcing economic stability and resilience in the area.

Contact Information

For any inquiries, interested parties can reach out to K. Wayne Wicker, Chairman & CEO, at 843-839-4410 or Matthew Hobert, EVP & CFO, at 843-839-4945. The team is eager to assist and ensure a smooth experience for both clients and investors.

Frequently Asked Questions

What is the amount of the declared cash dividend by South Atlantic Bancshares?

The declared cash dividend is $0.10 per share on common stock.

Who is the CEO of South Atlantic Bancshares?

The CEO of South Atlantic Bancshares is K. Wayne Wicker.

When was the cash dividend declared?

The cash dividend was announced recently by the Board of Directors.

How can investors stay updated about South Atlantic Bancshares?

Investors can visit the company's website for the latest updates, reports, and financial information.

What services does South Atlantic Bank offer?

South Atlantic Bank offers consumer and commercial banking services, including mortgages, treasury management, and mobile banking.

About The Author

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