Security Federal Announces Cash Dividend

Rhea-AI Summary

Security Federal Corporation, the parent company of Security Federal Bank, announced a quarterly dividend of $0.12 per share, payable on or about June 15, 2022, to shareholders of record as of May 31, 2022. This marks the 126th consecutive quarterly dividend since the bank's conversion to a stock ownership model in October 1987. The dividend declaration reflects the bank's ongoing profitability. Security Federal Bank operates eighteen branches across South Carolina and Georgia, offering a variety of financial and insurance services.

Positive

• Quarterly dividend of $0.12 per share enhances shareholder income.
• 126 consecutive quarterly dividends indicate strong financial stability.
• Continued profitability of the bank supports future dividend payments.

Negative

• None.

AIKEN, S.C., June 10, 2022 (GLOBE NEWSWIRE) -- Security Federal Corporation, parent company of Security Federal Bank, is pleased to announce that a quarterly dividend of $0.12 per share will be paid on or about June 15, 2022, to shareholders of record as of May 31, 2022.

This is the one hundred twenty-sixth 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 declared by Security Federal Corporation?

The declared dividend amount is $0.12 per share.

When is the dividend payment date for Security Federal Corporation?

The dividend will be paid on or about June 15, 2022.

Who is eligible to receive the dividend from Security Federal Corporation?

Shareholders of record as of May 31, 2022, are eligible to receive the dividend.

How many consecutive dividends has Security Federal Corporation paid?

Security Federal Corporation has paid 126 consecutive quarterly dividends since 1987.

What services does Security Federal Bank provide?

Security Federal Bank offers a full range of financial services, including trust, investments, and insurance services through its subsidiary.