Bank of South Carolina Corporation Declares Dividend

Rhea-AI Summary

Bank of South Carolina Corporation (NASDAQ: BKSC) has declared a quarterly cash dividend of $0.17 per share, marking a 6.25% increase. This dividend is payable to shareholders of record on October 5, 2020, with a payment date of October 30, 2020. This announcement signifies the 124th quarterly dividend in over 30 years of consistent shareholder rewards. CEO Fleetwood S. Hassell expressed confidence in the bank's resilience and commitment to a robust local economy amidst recent challenges.

Positive

• Quarterly cash dividend increased by 6.25% to $0.17 per share.
• Continued payment streak with the 124th quarterly dividend.
• Demonstrates the bank's commitment to shareholder rewards over 30 years.

Negative

• None.

CHARLESTON, S.C., Sept. 24, 2020 /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 October 5, 2020, payable October 30, 2020. This represents the 124^th quarterly cash dividend paid to shareholders – representing over 30 years of rewarding our shareholders.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "Our Lowcountry community has proven its' resiliency crisis after crisis whether a weather calamity, earthquake, and now pandemic. The Bank of South Carolina is committed to the return of a strong local economy and is confident that, once again, we will prevail. Your bank remains exceptionally well prepared to do so, and in the spirit of a brighter future, we are increasing our regular quarterly cash dividend 6.25% to $0.17 per share."

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. 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".

View original content:http://www.prnewswire.com/news-releases/bank-of-south-carolina-corporation-declares-dividend-301137616.html

SOURCE Bank of South Carolina Corporation

FAQ

What is the amount of the dividend declared by BKSC?

The Bank of South Carolina Corporation declared a dividend of $0.17 per share.

When is the dividend payable for BKSC?

The dividend is payable on October 30, 2020.

What is the record date for the BKSC dividend?

The record date for the dividend is October 5, 2020.

How long has BKSC been paying dividends?

The Bank of South Carolina Corporation has paid dividends for over 30 years.