Bank of South Carolina Corporation Declares Increased Dividend

Bank of South Carolina Corporation (OTCQX: BKSC) has announced a quarterly cash dividend increase to $0.23 per share, marking its 144th quarterly dividend payment.

Rhea-AI Summary

Bank of South Carolina Corporation (OTCQX: BKSC) has announced a quarterly cash dividend increase to $0.23 per share, marking its 144th quarterly dividend payment. The dividend will be paid on October 31, 2025, to shareholders of record as of October 7, 2025.

According to CEO Eugene H. Walpole, IV, this represents the first time in the company's history that they have increased dividends for two consecutive quarters. The dividend has seen a significant increase of $0.06 per share (35%) over the past twelve months, reflecting strong capital position and earnings performance.

Positive

• Second consecutive quarterly dividend increase - first time in company history
• Significant dividend increase of 35% ($0.06 per share) over past 12 months
• Strong capital position and earnings performance indicated by management

Negative

• None.

Argus Sep 25 session

-0.32% close to close Open Argus

Details

News Market Reaction – BKSC

On Sep 25, the day this news came out, BKSC closed 0.32% below the previous close.

Data tracked by StockTitan Argus for the Sep 25 session.

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CHARLESTON, S.C., Sept. 25, 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 $0.23 per share to shareholders of record October 7, 2025, payable October 31, 2025.  This represents the 144^th quarterly cash dividend paid to shareholders.

Eugene H. Walpole, IV, President and Chief Executive Officer, stated, "For the first time in our history, we've raised the cash dividend for a second consecutive quarter - a milestone that highlights the strength of our capital and earnings. In the past twelve months, the cash dividend has increased by $0.06 per share, or 35%. We're having a fantastic year, and we're pleased to be able to share that success with 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".

View original content to download multimedia:https://www.prnewswire.com/news-releases/bank-of-south-carolina-corporation-declares-increased-dividend-302564776.html

SOURCE Bank of South Carolina

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Bank of South Carolina declared a quarterly cash dividend of $0.23 per share.

When will BKSC's latest dividend be paid?

The dividend will be paid on October 31, 2025 to shareholders of record as of October 7, 2025.

How much has BKSC increased its dividend over the past year?

BKSC has increased its dividend by $0.06 per share, representing a 35% increase over the past twelve months.

How many consecutive quarterly dividends has BKSC paid?

This represents BKSC's 144th quarterly cash dividend paid to shareholders.

What is significant about BKSC's recent dividend increases?

This marks the first time in the company's history that they have increased the cash dividend for two consecutive quarters.