Bank of South Carolina Corporation Declares Dividend

Rhea-AI Summary

On December 16, 2021, the Board of Directors of Bank of South Carolina Corporation (NASDAQ: BKSC) declared a quarterly cash dividend of $0.17 per share for shareholders of record on December 28, 2021, with payment set for January 31, 2022. This marks the 129th quarterly dividend paid over more than 34 years. CEO Fleetwood S. Hassell emphasized the bank's strong capitalization and commitment to continued success.

Positive

• Quarterly cash dividend of $0.17 reflects consistent shareholder returns.
• The 129th quarterly dividend demonstrates a long-term commitment to dividends.

Negative

• None.

CHARLESTON, S.C., Dec. 16, 2021 /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 December 28, 2021, payable January 31, 2022.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "This represents the 129th quarterly cash dividend paid to shareholders over the past 34 + years.  We remain well capitalized and focused as we conclude another successful year."

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-301446799.html

SOURCE Bank of South Carolina Corporation

FAQ

What is the dividend amount declared by BKSC in December 2021?

The dividend amount declared by BKSC is $0.17 per share.

When will BKSC shareholders receive the dividend payment?

Shareholders will receive the dividend payment on January 31, 2022.

Who is the CEO of Bank of South Carolina Corporation?

The CEO of Bank of South Carolina Corporation is Fleetwood S. Hassell.

How often does BKSC pay dividends?

BKSC has paid dividends quarterly, with this being the 129th dividend payment.

Who is eligible to receive the BKSC dividend declared in December 2021?

Shareholders of record as of December 28, 2021, are eligible to receive the dividend.