Security Federal Corporation Announces Cash Dividend

Rhea-AI Summary

Security Federal Corporation has declared a quarterly dividend of $0.11 per share, scheduled for payment on or about December 15, 2021, to shareholders of record by November 30, 2021. This marks the 124th consecutive quarterly dividend since the Bank's conversion from mutual to stock ownership in October 1987. The dividend reflects the Bank’s ongoing profitability. With seventeen branches across South Carolina and Georgia, the Bank offers a full range of financial and insurance services.

Positive

• Dividend of $0.11 per share reflects continued profitability.
• 124 consecutive quarterly dividends highlight sustained financial health.

Negative

• None.

News Market Reaction

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On the day this news was published, SFDL declined NaN%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AIKEN, S.C., Nov. 19, 2021 (GLOBE NEWSWIRE) -- Security Federal Corporation, parent company of Security Federal Bank, is pleased to announce that a quarterly dividend of $0.11 per share will be paid on or about December 15, 2021, to shareholders of record as of November 30, 2021.  

This is the one hundred twenty-fourth 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.

FAQ

When is the dividend payment date for SFDL?

The dividend payment date for SFDL is on or about December 15, 2021.

What is the amount of the quarterly dividend for SFDL?

The quarterly dividend for SFDL is $0.11 per share.

How long has SFDL been paying dividends?

SFDL has paid dividends for 124 consecutive quarters since October 1987.

Who is eligible to receive the SFDL dividend?

Shareholders of record as of November 30, 2021, are eligible to receive the SFDL dividend.