Bank of South Carolina Corporation Declares Increased Dividend

Rhea-AI Summary

Bank of South Carolina Corporation (OTCQX: BKSC) has announced an increased quarterly cash dividend of $0.21 per share, payable July 31, 2025, to shareholders of record July 8, 2025. This marks the company's 143rd quarterly cash dividend and represents an 11% increase of $0.02 per share from the previous dividend.

The dividend increase demonstrates the bank's strong financial position, with CEO Eugene H. Walpole, IV highlighting that dividends have grown by 23% over the past nine months. The increase reflects the company's commitment to disciplined capital management and delivering long-term shareholder value.

Positive

• Quarterly dividend increased by 11% to $0.21 per share
• 23% total dividend increase over past nine months
• Strong earnings and capital position supporting dividend growth
• Consistent dividend payment history with 143 quarterly payments

Negative

• None.

News Market Reaction – BKSC

+2.50%

1 alert

+2.50% News Effect

On the day this news was published, BKSC gained 2.50%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLESTON, S.C., June 26, 2025 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (OTCQX: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.21 per share to shareholders of record July 8, 2025, payable July 31, 2025. This represents the 143^rd quarterly cash dividend paid to shareholders.

Eugene H. Walpole, IV, President and Chief Executive Officer, stated, "The strength of our earnings and capital support this 11% increase of $0.02 per share in the quarterly cash dividend, which we've now increased by 23% over the past nine months. Furthermore, this action reflects our disciplined capital management and unwavering commitment to delivering sustained, long-term value to our shareholders."

About Bank of South Carolina Corporation

The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered financial institution with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community and has been in continuous operation since 1987. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the OTCQX® Best Market under the symbol "BKSC".

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SOURCE BANK OF SOUTH CAROLINA

FAQ

What is Bank of South Carolina's (BKSC) new quarterly dividend amount?

Bank of South Carolina announced a quarterly dividend of $0.21 per share, representing an 11% increase from the previous dividend.

When will BKSC's new dividend be paid?

The dividend will be paid on July 31, 2025 to shareholders of record as of July 8, 2025.

How much has BKSC increased its dividend in the past 9 months?

BKSC has increased its dividend by 23% over the past nine months, demonstrating strong commitment to shareholder returns.

How many consecutive quarterly dividends has BKSC paid?

Bank of South Carolina Corporation has paid 143 quarterly cash dividends to shareholders, showing a consistent history of shareholder distributions.

What is the percentage increase in BKSC's quarterly dividend?

BKSC increased its quarterly dividend by 11%, representing a $0.02 per share increase from the previous dividend payment.