Bank of South Carolina to pay dividend

The Bank of South Carolina’s Meeting Street headquarters.

The owner of the Bank of South Carolina approved a quarterly cash dividend of 13 cents a share on Thursday.

It is payable Oct. 30 to shareholders of record as of Oct. 5.

It is in addition to a 10 percent stock dividend that Charleston-based Bank of South Carolina Corp. previously announced.

CEO Fleetwood S. Hassell said the newly approved cash payout is the company’s 103rd dividend since the lender opened in 1987.

The Bank of South Carolina has four branches, in downtown Charleston, Mount Pleasant, Summerville and West Ashley. Its stock trades on the Nasdaq under the symbol BKSC.