Security Federal Announces Cash Dividend Increase

Rhea-AI Summary

Security Federal Corporation announced a quarterly dividend of $0.13 per share, marking an increase of 8.3% from the previous dividend. This dividend will be paid on or about March 15, 2023, to shareholders of record as of February 28, 2023. This payout reflects the Bank’s sustained profitability and is notable as it represents the one hundred twenty-ninth consecutive quarterly dividend since its conversion to a stock form of ownership in October 1987.

Security Federal Bank operates 18 branch locations across South Carolina and Georgia, offering a comprehensive range of financial services.

Positive

• Quarterly dividend increased by 8.3% to $0.13 per share.
• Continued profitability supports the dividend payout.
• 129 consecutive quarterly dividends demonstrate financial stability.

Negative

• None.

AIKEN, S.C., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Security Federal Corporation, parent company of Security Federal Bank, is pleased to announce that a quarterly dividend of $0.13 per share will be paid on or about March 15, 2023, to shareholders of record as of February 28, 2023. This increased dividend represents an increase of $0.01, or 8.3%, over the previous regular quarterly dividend.   

This is the one hundred twenty-ninth consecutive quarterly dividend to shareholders since the Bank’s conversion in October of 1987 from a mutual to a stock form of ownership. The dividend was declared as a result of the Bank’s continued profitability.

Security Federal Bank has eighteen full service branch locations in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Evans and Augusta, Georgia. A full range of financial services, including trust and investments, are provided by the Bank, and insurance services are provided by the Bank’s wholly owned subsidiary, Security Federal Insurance, Inc.

Security Federal Corporation common stock is traded on the Over-the-Counter Bulletin Board under the symbol SFDL.

FAQ

What is the dividend amount for Security Federal Corporation (SFDL)?

The dividend amount is $0.13 per share.

When is the dividend for SFDL paid?

The dividend will be paid on or about March 15, 2023.

Who is eligible for the SFDL dividend payment?

Shareholders of record as of February 28, 2023, are eligible.

How much has the dividend increased for SFDL?

The dividend has increased by $0.01, or 8.3%.

How many consecutive dividends has SFDL declared?

SFDL has declared 129 consecutive quarterly dividends.