Charleston’s Bank of S.C. bumps up its dividend
The Bank of South Carolina Corp. has raised its quarterly dividend by a penny, or 9 percent.
The new rate is 12 cents per share.
The dividend is payable Dec. 31 to shareholders of record as of Nov. 30.
“Over the past 25 years, we have paid out in excess of $23 million in cash dividends and all the while have maintained exemplary capital levels,” Fleetwood S. Hassell, president and chief executive officer, said in statement today. “We are very proud that we can continue to reward our shareholders.”
The higher rate represents a 4 percent annual yield based on the Charleston-based bank owner’s current stock price of $11.50.
Comments { }
Postandcourier.com is pleased to offer readers the enhanced ability to comment on stories. We expect our readers to engage in lively, yet civil discourse. Postandcourier.com does not edit user submitted statements and we cannot promise that readers will not occasionally find offensive or inaccurate comments posted in the comments area. Responsibility for the statements posted lies with the person submitting the comment, not postandcourier.com. If you find a comment that is objectionable, please click "report abuse" and we will review it for possible removal. Please be reminded, however, that in accordance with our Terms of Use and federal law, we are under no obligation to remove any third party comments posted on our website. Read our full Terms and Conditions.