Bank of South Carolina Corporation Declares Dividend

Rhea-AI Summary

The Bank of South Carolina Corporation (NASDAQ: BKSC) has declared a quarterly cash dividend of $0.17 per share. Shareholders of record on April 4, 2023 will receive the payment on April 28, 2023. This marks the 134th quarterly cash dividend in the company's history, celebrating its 36th anniversary since inception. The Bank, located in Charleston, has been operational since 1987, and a new office is expected to open in the second quarter of 2023.

Positive

• Quarterly cash dividend of $0.17 per share enhances shareholder income.
• 134th quarterly cash dividend reflects consistent financial performance.

Negative

• None.

CHARLESTON, S.C., March 23, 2023 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.17 per share to shareholders of record April 4, 2023, payable April 28, 2023.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "This represents our 134^th quarterly cash dividend paid to shareholders since our inception. We recently celebrated our 36^th anniversary on February 26, 2023 and remain the oldest bank headquartered in Charleston."

About Bank of South Carolina Corporation

The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, and the West Ashley community and has been in continuous operation since 1987. A sixth office at 1730 Maybank Highway on James Island is anticipated to open in the second quarter of 2023. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the NASDAQ stock market under the symbol "BKSC".

 

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SOURCE Bank of South Carolina Corporation

FAQ

What is the dividend payment date for BKSC?

The dividend payment date for BKSC is April 28, 2023.

How much is the dividend declared by Bank of South Carolina Corporation?

The dividend declared is $0.17 per share.

When is the record date for the BKSC dividend?

The record date for the BKSC dividend is April 4, 2023.

How often does Bank of South Carolina pay dividends?

Bank of South Carolina has a history of paying quarterly dividends.

What milestone did Bank of South Carolina recently celebrate?

Bank of South Carolina recently celebrated its 36th anniversary.