Bank of South Carolina Corporation Declares Dividend

The Board of Directors of Bank of South Carolina Corporation (NASDAQ: BKSC) announced a quarterly cash dividend of $0.17 per share.

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Rhea-AI Summary

The Board of Directors of Bank of South Carolina Corporation (NASDAQ: BKSC) announced a quarterly cash dividend of $0.17 per share. This dividend is payable to shareholders of record on October 5, 2021, and will be disbursed on October 29, 2021. This marks the 128th quarterly cash dividend distributed to shareholders in over 34 years. Fleetwood S. Hassell, President and CEO, emphasized the company's strong capital position as they progress through the year.

Positive

Quarterly cash dividend of $0.17 per share.
128th quarterly cash dividend paid to shareholders.
Company remains well capitalized.

Negative

None.

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News Market Reaction – BKSC

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09/23/2021 - 11:26 AM EDT

CHARLESTON, S.C., Sept. 23, 2021 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.17 per share to shareholders of record October 5, 2021, payable October 29, 2021.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "This represents the 128th quarterly cash dividend paid to shareholders over the past 34 + years. We remain well capitalized and focused as we move through the year."

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 bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, 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 NASDAQ stock market under the symbol "BKSC".

View original content:https://www.prnewswire.com/news-releases/bank-of-south-carolina-corporation-declares-dividend-301384136.html

SOURCE Bank of South Carolina Corporation

FAQ

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

What is the dividend amount declared by BKSC?

Bank of South Carolina Corporation declared a quarterly cash dividend of $0.17 per share.

When will the BKSC dividend be payable?

The dividend will be payable on October 29, 2021.

Who is eligible for the BKSC dividend?

Shareholders of record on October 5, 2021, are eligible for the dividend.

How often does BKSC pay dividends?

Bank of South Carolina Corporation has paid dividends quarterly for over 34 years.

Is the BKSC dividend sustainable?

The company remains well capitalized, indicating a positive outlook for sustainable dividends.

Bank of South Carolina Corporation Declares Dividend