Security Bancorp, Inc. Announces Annual Cash Dividend

Rhea-AI Summary

Security Bancorp, Inc. (OTCBB:SCYT.OB) announced an annual cash dividend of $1.00 per share, payable on July 1, 2022, to shareholders recorded by June 1, 2022. As of March 31, 2022, the company reported total assets of $294.6 million and stockholders' equity of $26.9 million. This dividend reflects the corporation's ongoing commitment to return value to its shareholders while maintaining a solid financial foundation.

Positive

• Annual cash dividend of $1.00 per share demonstrates company confidence and commitment to shareholder value.
• Total assets of $294.6 million indicate a stable financial position.

Negative

• None.

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MCMINNVILLE, Tenn., May 20, 2022 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (OTCBB:SCYT.OB) announced that the Corporation’s Board of Directors has declared an annual cash dividend of $1.00 per share on the Corporation’s outstanding common stock. The cash dividend will be payable on July 1, 2022 to shareholders of record as of the close of business on June 1, 2022.

Security Bancorp, Inc. is the holding company for Security Federal Savings Bank of McMinnville, TN a Tennessee state-chartered financial institution headquartered in McMinnville, Tennessee. At March 31, 2022, the Corporation had total assets of $294.6 million and stockholders’ equity of $26.9 million.

Contact:

Joe H. Pugh
President and Chief Executive Officer
(931) 473-4483

FAQ

What is the dividend amount declared by Security Bancorp for 2022?

Security Bancorp has declared an annual cash dividend of $1.00 per share.

When will the dividend be paid to shareholders of Security Bancorp?

The dividend will be payable on July 1, 2022.

What is the record date for the Security Bancorp dividend?

The record date for the dividend is June 1, 2022.

What are the total assets of Security Bancorp as of March 31, 2022?

As of March 31, 2022, the total assets of Security Bancorp are $294.6 million.

What is the stock price for Security Bancorp (SCYT)?

The stock is traded under the symbol OTCBB:SCYT.OB.