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.

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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.