Charleston’s Bank of South Carolina to pay cash dividend

The Bank of South Carolina’s headquarters is in a former carriage factory at 256 Meeting St. in downtown Charleston. (Staff/File)

The Bank of South Carolina’s parent company today approved a quarterly cash dividend of 12 cents a share.

It is payable April 30 to shareholders of record as of April 8.

The stock is trading at $12. giving the payout a yield of 4 percent on an annual basis.

“We are pleased with our 2013 performance to date and proud to be able to continue rewarding our shareholders,” said Fleetwood S. Hassell, president and CEO of the Charleston-based bank. “We remain dedicated to the fundamentals of our business with emphasis on relationship banking, conservative lending principles and community involvement.”

The bank has four offices, in downtown Charleston, Mount Pleasant, Summerville and West Ashley.