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, marking the 131^st consecutive quarterly dividend. Shareholders of record by July 5, 2022 will receive this payment on July 29, 2022. President and CEO Fleetwood S. Hassell expressed satisfaction in maintaining the dividend amid ongoing market volatility, showcasing the bank's commitment to its shareholders.

Positive

• Quarterly cash dividend of $0.17 per share declared.
• 131st consecutive quarterly dividend indicates stability.

Negative

• None.

CHARLESTON, S.C., June 23, 2022 /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 July 5, 2022, payable July 29, 2022. This represents the 131^st quarterly cash dividend paid to shareholders.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "With the ongoing market volatility, we are pleased, once again, to declare this quarterly dividend."

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:https://www.prnewswire.com/news-releases/bank-of-south-carolina-corporation-declares-dividend-301574273.html

SOURCE Bank of South Carolina Corporation

FAQ

What is the dividend amount declared by Bank of South Carolina Corporation?

The declared dividend amount is $0.17 per share.

When is the payment date for the declared dividend?

The payment date for the dividend is July 29, 2022.

Who is eligible for the dividend payment from Bank of South Carolina Corporation?

Shareholders of record by July 5, 2022, are eligible for the dividend payment.

How many consecutive quarterly dividends has Bank of South Carolina Corporation paid?

The bank has paid 131 consecutive quarterly dividends.