Bank of South Carolina Corporation Declares Dividend

Rhea-AI Summary

Bank of South Carolina Corporation (NASDAQ: BKSC) declared a quarterly cash dividend of $0.17 per share, payable on July 30, 2021, to shareholders of record by July 6, 2021. This marks the 127th quarterly cash dividend in over 30 years of shareholder rewards. The company was recently recognized as the #35 bank in the nation for three-year return on average equity among publicly traded banks with assets under $2 billion. This recognition highlights the bank's strong performance and commitment to its shareholders.

Positive

• Quarterly cash dividend of $0.17 per share indicates ongoing profitability.
• Recognized as #35 in the nation for three-year return on average equity among banks under $2 billion in assets.

Negative

• None.

CHARLESTON, S.C., June 24, 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 July 6, 2021, payable July 30, 2021. This represents the 127^th quarterly cash dividend paid to shareholders – representing over 30 years of rewarding our shareholders.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "Last month we were proud to be recognized by the American Banker magazine in its report on publicly traded banks under $2 billion in assets as the #35 bank in the nation for three-year return on average equity. Only two other South Carolina banks were listed. We are pleased, once again, to declare this quarterly dividend."

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".

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SOURCE Bank of South Carolina Corporation

FAQ

What is the dividend amount declared by Bank of South Carolina Corporation in June 2021?

The declared dividend amount is $0.17 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 30, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is July 6, 2021.

How many quarterly dividends has Bank of South Carolina Corporation paid to date?

The company has paid 127 quarterly dividends.

What recognition did Bank of South Carolina Corporation receive recently?

The bank was recognized as #35 for three-year return on average equity among publicly traded banks under $2 billion in assets.