Bank of South Carolina Corporation Declares Dividend

Bank of South Carolina Corporation (NASDAQ: BKSC) declared a quarterly cash dividend of $0.17 per share, set for shareholders of record on April 3, 2022, payable on April 29, 2022.

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Rhea-AI Summary

Bank of South Carolina Corporation (NASDAQ: BKSC) declared a quarterly cash dividend of $0.17 per share, set for shareholders of record on April 3, 2022, payable on April 29, 2022. This marks the 130th quarterly cash dividend in the company's history, which recently celebrated its 35th anniversary on February 26, 2022. The Bank has been operational since 1987 and is recognized as the oldest bank headquartered in Charleston.

Positive

Quarterly cash dividend of $0.17 supports shareholder income.
Marks the 130th consecutive quarterly dividend, indicating financial stability.

Negative

None.

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News Market Reaction – BKSC

The recorded move for BKSC in the trading session of this news was +0.32%.

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03/24/2022 - 09:56 AM EDT

CHARLESTON, S.C., March 24, 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 April 3, 2022, payable April 29, 2022.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "This represents our 130^th quarterly cash dividend paid to shareholders since our inception. We recently celebrated our 35^th anniversary on February 26, 2022 and remain the oldest bank headquartered in Charleston."

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-301510046.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 Bank of South Carolina Corporation in March 2022?

The declared dividend amount is $0.17 per share.

When is the dividend payment date for BKSC?

The dividend is payable on April 29, 2022.

Who are the shareholders eligible for the dividend payment of BKSC?

Shareholders of record on April 3, 2022, are eligible for the dividend.

How many quarterly dividends has BKSC paid since inception?

BKSC has paid a total of 130 quarterly dividends since its inception.

Bank of South Carolina Corporation Declares Dividend