Bank of South Carolina Corporation Declares Dividend

Rhea-AI Summary

Bank of South Carolina Corporation (NASDAQ: BKSC) declared a quarterly cash dividend of $0.16 per share, payable on July 31, 2020, to shareholders of record as of July 7, 2020. This marks the 123rd quarterly dividend, reflecting over 30 years of commitment to shareholders. CEO Fleetwood S. Hassell highlighted the bank's recognition as the #25 bank in the nation for three-year return on average equity among institutions under $2 billion in assets. Additionally, the bank was ranked #1 in South Carolina based on overall performance.

Positive

• Declared a quarterly cash dividend of $0.16 per share.
• Recognized as the #25 bank in the nation for three-year return on average equity among banks under $2 billion in assets.
• Ranked #1 South Carolina bank based on overall performance.

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• None.

CHARLESTON, S.C., June 25, 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 $0.16 per share to shareholders of record July 7, 2020, payable July 31, 2020. This represents the 123^rd quarterly cash dividend paid to shareholders – representing over 30 years of rewarding our shareholders.

Fleetwood S. Hassell, President and Chief Executive Officer, stated, "Last month, we were proud to be recognized by the American Banker magazine in its report on banks under $2 billion in assets as the #25 bank in the nation for three-year return on average equity. In addition, we were recently ranked the #1 South Carolina bank by the Financial Management Consultant Group based on overall performance. 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:http://www.prnewswire.com/news-releases/bank-of-south-carolina-corporation-declares-dividend-301083822.html

SOURCE Bank of South Carolina Corporation

FAQ

What is the dividend amount for Bank of South Carolina Corporation (BKSC)?

Bank of South Carolina Corporation declared a quarterly cash dividend of $0.16 per share.

When is the dividend payment date for BKSC?

The dividend is payable on July 31, 2020.

What is the record date for the dividend payment for BKSC?

The record date for the dividend payment is July 7, 2020.

How long has Bank of South Carolina Corporation been paying dividends?

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

What recent recognition did Bank of South Carolina Corporation receive?

It was ranked #25 in the nation for three-year return on average equity among banks under $2 billion in assets.