Security Federal Announces Corrected Dividend of $0.16 per share in Connection with its Previously Announced Quarterly Dividend

Rhea-AI Summary

Security Federal Corporation (OTC: SFDL) announced a corrected quarterly dividend of $0.16 per share, revised from the previously stated $0.15 per share. The dividend remains payable on or about March 15, 2026 to shareholders of record as of February 28, 2026, with all other terms unchanged.

The company operates Security Federal Bank with 19 full-service branches across South Carolina and Georgia and offers trust, investment and insurance services.

Positive

• Dividend increased to $0.16 per share (+6.7%)
• Payment timing unchanged — payable on or about March 15, 2026

Negative

• Higher cash outflow due to dividend increase of 6.7%

AIKEN, S.C., March 13, 2026 (GLOBE NEWSWIRE) -- Security Federal Corporation (the “Company”), parent company of Security Federal Bank (the “Bank”), refers to the press release dated March 2, 2026, in which the Company announced that a quarterly dividend of $0.15 per share will be paid on or about March 15, 2026, to shareholders of record as of February 28, 2026. The Company and the Bank today announced a corrected quarterly dividend of $0.16 per share. Except for the correction described above, all other terms and conditions of the dividend remain unchanged.

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 OTCID Basic Market under the symbol SFDL.

CONTACT: FOR ADDITIONAL INFORMATION CALL: Beverly S. Nettles – (803) 641-3000

FAQ

What is the corrected dividend announced by Security Federal Corporation (SFDL) on March 13, 2026?

The corrected dividend is $0.16 per share, up from $0.15 per share. According to Security Federal Corporation, the correction updates the previously announced quarterly dividend and all other terms remain unchanged.

When will Security Federal (SFDL) pay the corrected $0.16 dividend?

The corrected dividend is payable on or about March 15, 2026 to record holders as of February 28, 2026. According to Security Federal Corporation, the payment timing and record date were not changed by the correction.

How much did Security Federal (SFDL) increase its quarterly dividend on March 13, 2026?

The dividend was increased by $0.01 per share, a roughly 6.7% rise from $0.15 to $0.16. According to Security Federal Corporation, this reflects a corrected figure only, not a change to payment terms.

Does the March 13, 2026 dividend correction for SFDL change other dividend terms or record dates?

No, all other dividend terms and conditions remain unchanged after the correction to $0.16 per share. According to Security Federal Corporation, the record date and payment timing remain as previously announced.

How does the $0.16 dividend affect Security Federal (SFDL) shareholders immediately?

Shareholders of record as of February 28, 2026 will receive the corrected $0.16 per share payment on or about March 15, 2026. According to Security Federal Corporation, this correction modestly increases cash received by eligible shareholders.