Security Bancorp, Inc. Announces Annual Cash Dividend

Rhea-AI Summary

On May 17, 2024, Security Bancorp announced an annual cash dividend of $1.00 per share for its common stock, payable on July 1, 2024. Shareholders holding stock as of June 3, 2024, will receive this dividend. As of March 31, 2024, the company reported total assets worth $336.3 million and stockholders' equity of $32.1 million. Security Bancorp is headquartered in McMinnville, Tennessee, and operates Security Federal Savings Bank.

Positive

• Declared annual cash dividend of $1.00 per share.
• Dividend payable on July 1, 2024, to shareholders of record as of June 3, 2024.
• Total assets of $336.3 million as of March 31, 2024.
• Stockholders' equity of $32.1 million as of March 31, 2024.

Negative

• No mention of revenue growth or profit figures.
• Dividend declaration might be seen as a move to satisfy shareholders amid potentially stagnant growth.

MCMINNVILLE, Tenn., May 17, 2024 (GLOBE NEWSWIRE) -- Security Bancorp, Inc. (OTCBB:SCYT.OB) announced that the Corporation’s Board of Directors has declared an annual cash dividend of $1.00 per share on the Corporation’s outstanding common stock. The cash dividend will be payable on July 1, 2024 to shareholders of record as of the close of business on June 3, 2024.

Security Bancorp, Inc. is the holding company for Security Federal Savings Bank of McMinnville, TN a Tennessee state-chartered financial institution headquartered in McMinnville, Tennessee. At March 31, 2024, the Corporation had total assets of $336.3 million and stockholders’ equity of $32.1 million.

Contact:

Michael D. Griffith
President and Chief Executive Officer
(931) 473-4483

FAQ

What is the dividend announced by Security Bancorp (SCYT)?

Security Bancorp announced an annual cash dividend of $1.00 per share.

When will Security Bancorp (SCYT) pay the declared dividend?

The dividend is payable on July 1, 2024.

As of which date should investors hold Security Bancorp (SCYT) shares to receive the dividend?

Investors should hold SCYT shares by June 3, 2024, to be eligible for the dividend.

What are the total assets and stockholders' equity of Security Bancorp (SCYT) as of March 31, 2024?

As of March 31, 2024, Security Bancorp had total assets of $336.3 million and stockholders' equity of $32.1 million.