Security Federal Corporation Announces Cash Dividend
Rhea-AI Summary
Security Federal Corporation has announced a quarterly dividend of $0.11 per share, payable around March 15, 2021, to shareholders on record by February 28, 2021. This marks the one hundred twenty-first consecutive dividend since the company’s conversion from mutual to stock form in October 1987. The decision to declare the dividend reflects the ongoing profitability of the Bank, which operates seventeen branches across South Carolina and Georgia, offering a comprehensive range of financial services.
Positive
- Declaration of a quarterly dividend of $0.11 per share demonstrates corporate confidence.
- This is the 121st consecutive dividend, indicating stability and continued profitability.
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
AIKEN, S.C., Feb. 16, 2021 (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 twenty-first 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 seventeen full service branch locations in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Evans and Augusta, 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.