Security Federal Announces Cash Dividend Increase

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.

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 $0.15 per share will be paid on or about March 15, 2025, to shareholders of record as of February 28. 2025. This increased dividend represents an increase of $0.01, or 7.1%, over the previous regular quarterly dividend.   

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.

FAQ

What is Security Federal's (SFDL) new quarterly dividend amount for 2025?

Security Federal's new quarterly dividend is $0.15 per share, representing a 7.1% increase from the previous dividend.

When will SFDL pay its increased dividend in March 2025?

The dividend will be paid on or about March 15, 2025, to shareholders of record as of February 28, 2025.

How many consecutive quarters has SFDL paid dividends?

Security Federal has paid dividends for 137 consecutive quarters since its conversion to stock ownership in October 1987.

How many branch locations does Security Federal Bank operate in 2025?

Security Federal Bank operates nineteen full-service branch locations across South Carolina and Georgia.

What is the percentage increase of SFDL's 2025 dividend?

The dividend increase is $0.01 per share, representing a 7.1% increase over the previous quarterly dividend.