Bank of South Carolina Corporation Declares Dividend

Bank of South Carolina Corporation (NASDAQ: BKSC) has declared a quarterly cash dividend of $0.17 per share.

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Rhea-AI Summary

Bank of South Carolina Corporation (NASDAQ: BKSC) has declared a quarterly cash dividend of $0.17 per share. Shareholders of record by December 27, 2022, will receive this payment on January 31, 2023. This marks the 133rd quarterly cash dividend paid in over 35 years of continuous operation. President Fleetwood S. Hassell expressed optimism about the company's performance in 2023.

Positive

Declaration of a quarterly cash dividend of $0.17 per share.
Company has paid 133rd quarterly cash dividend, demonstrating long-term stability.
Positive outlook for 2023 as expressed by the CEO.

Negative

None.

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News Market Reaction – BKSC

The recorded move for BKSC in the trading session of this news was -0.09%.

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12/15/2022 - 10:09 AM EST

CHARLESTON, S.C., Dec. 15, 2022 /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 December 27, 2022, payable January 31, 2023.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "This represents the 133^rd quarterly cash dividend paid to shareholders over the past 35+ years. We are wrapping up another successful year and look forward to 2023."

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. A sixth office at 1730 Maybank Highway on James Island is anticipated to open in the second quarter of 2023. 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-301704315.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?

The dividend amount declared by Bank of South Carolina Corporation is $0.17 per share.

When will the dividend for BKSC be paid?

The dividend will be paid on January 31, 2023.

Who are the shareholders of record for the BKSC dividend?

Shareholders of record are those holding shares by December 27, 2022.

How many dividends has BKSC paid in its history?

Bank of South Carolina Corporation has paid 133 quarterly cash dividends over its history.

What is the outlook for BKSC in 2023?

The company's President has expressed a positive outlook for 2023.

Bank of South Carolina Corporation Declares Dividend