Charleston-based Bank of South Carolina Corp. today bumped up its quarterly dividend by a penny, or about 8 percent, to 13 cents a share.
The higher rate is payable Oct. 31 to stockholders of record as of Oct. 7.
“Continued contributions from our mortgage operation and an increase in bank lending coupled with excellent control of expenses is leading to a strong year for the bank,” said Fleetwood S. Hassell, president and chief executive officer.
The company owns the Bank of South Carolina, which has offices in downtown Charleston, Mount Pleasant, Summerville and West Ashley. Its shares trade on the Nasdaq Stock Market under the symbol BKSC.