Security Federal Announces Cash Dividend Increase
Security Federal (SFDL) has announced a quarterly dividend increase of $0.01 (7.1%) to $0.15 per share, payable on March 15, 2025, to shareholders of record as of February 28, 2025.
Sentiment and the balance of points
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Rhea-AI Summary
Security Federal (SFDL) has announced a quarterly dividend increase of $0.01 (7.1%) to $0.15 per share, payable on March 15, 2025, to shareholders of record as of February 28, 2025. This marks the company's 137th consecutive quarterly dividend since its conversion from mutual to stock ownership in October 1987.
The dividend declaration stems from the bank's continued profitability. Security Federal Bank operates nineteen full-service branches across South Carolina and Georgia, offering comprehensive financial services including trust, investments, and insurance through its subsidiary, Security Federal Insurance, Inc.
Positive
- Increased quarterly dividend by 7.1% to $0.15 per share
- 137 consecutive quarters of dividend payments showing consistent shareholder returns
- Continued profitability supporting dividend payments
- Extensive branch network across two states
Negative
- None.
Details
News Market Reaction – SFDL
The recorded move for SFDL in the trading session of this news was -0.03%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
AIKEN, S.C., Feb. 20, 2025 (GLOBE NEWSWIRE) -- Security Federal Corporation, parent company of Security Federal Bank, is pleased to announce that a quarterly dividend of
This is the one hundred thirty-seventh consecutive quarterly dividend to shareholders since the Bank’s conversion in October of 1987 from a mutual to a stock form of ownership. The dividend was declared as a result of the Bank’s continued profitability.
Security Federal Bank has nineteen full-service branch locations in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Augusta and Evans, Georgia. A full range of financial services, including trust and investments, are provided by the Bank, and insurance services are provided by the Bank’s wholly owned subsidiary, Security Federal Insurance, Inc.
Security Federal Corporation common stock is traded on the Over-the-Counter Bulletin Board under the symbol SFDL.
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