Bank of South Carolina Corporation Declares Dividend

Rhea-AI Summary

The Board of Directors of Bank of South Carolina Corporation (NASDAQ: BKSC) declared a quarterly cash dividend of $0.17 per share, payable to shareholders of record on October 4, 2022, with a payment date of October 31, 2022. This dividend marks the 132nd quarterly cash dividend paid over more than 35 years. CEO Fleetwood S. Hassell emphasized the bank's strong capital position and operational focus as they navigate the year.

Positive

• Quarterly cash dividend of $0.17 per share demonstrates commitment to returning value to shareholders.
• 132nd dividend paid shows a long history of consistent shareholder return.
• Company remains well capitalized, indicating financial health.

Negative

• None.

CHARLESTON, S.C., Sept. 22, 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 October 4, 2022, payable October 31, 2022.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "This represents the 132^nd quarterly cash dividend paid to shareholders over the past 35+ years.  We remain well capitalized and focused as we move through the 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. 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".

 

 

 

View original content:https://www.prnewswire.com/news-releases/bank-of-south-carolina-corporation-declares-dividend-301631216.html

SOURCE Bank of South Carolina Corporation

FAQ

What is the dividend amount declared by BKSC?

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

When is the BKSC dividend payment date?

The dividend payment date for BKSC is October 31, 2022.

Who is eligible for the BKSC dividend?

Shareholders of record on October 4, 2022, are eligible for the BKSC dividend.

How many dividends has BKSC paid in its history?

BKSC has paid 132 quarterly cash dividends over the past 35 years.

Is the BKSC dividend sustainable?

The company's statement about being well capitalized indicates a positive outlook on the sustainability of its dividend.