Security Federal Corporation Announces Special Dividend

Rhea-AI Summary

Security Federal Corporation (OTCID: SFDL) declared a special cash dividend of $0.18 per share. The dividend will be paid on April 15, 2026 to shareholders of record as of March 31, 2026. Management said the payout reflects continued profitability and that future dividends will depend on the Board’s assessment of financial condition, earnings, and capital requirements.

The company is the parent of Security Federal Bank, which operates 19 full-service branches across South Carolina and Georgia and provides banking, trust, investment, and insurance services.

AI-generated analysis. Not financial advice.

Positive

• Special dividend declared at $0.18 per share
• Dividend paid on April 15, 2026 to record holders as of March 31, 2026
• Management links dividend to continued profitability

Negative

• Special dividend is non-recurring and future payments are uncertain
• Future dividends subject to Board assessment of capital and earnings

AIKEN, S.C., April 15, 2026 (GLOBE NEWSWIRE) -- Security Federal Corporation (“Company”) (OTCID: SFDL), the parent company of Security Federal Bank (“Bank”), announced that its Board of Directors has declared a special cash dividend of $0.18 per share. The dividend will be paid on April 15, 2026 to shareholders of record as of March 31, 2026.

Chief Executive Officer J. Chris Verenes commented that “As a result of our continued profitability, we are very pleased to provide this additional payment to our shareholders. This is a special dividend and the payment and amount of future dividends will be predicated on the Board’s assessment of the financial condition, earnings and capital requirements of the Company.”

Security Federal Bank has nineteen full-service branch locations in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Augusta and Evans, 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 OTCID Basic Market under the symbol SFDL.

CONTACT: FOR ADDITIONAL INFORMATION CALL: Beverly S. Nettles – (803) 641-3000

FAQ

What special dividend did Security Federal Corporation (SFDL) announce for April 2026?

Security Federal Corporation announced a $0.18 per share special cash dividend. According to the company, the dividend is payable April 15, 2026 to shareholders of record as of March 31, 2026.

When will Security Federal Corporation (SFDL) pay the special dividend and who is eligible?

The special dividend will be paid on April 15, 2026 to shareholders of record as of March 31, 2026. According to the company, eligibility is determined by the record date of March 31, 2026.

Does the SFDL special dividend signal an ongoing dividend increase?

No, this is described as a special dividend and not a guaranteed recurring increase. According to the company, future dividends will depend on Board assessment of financial condition, earnings, and capital requirements.

How did Security Federal Corporation (SFDL) justify the $0.18 special dividend?

The company attributed the special payment to continued profitability. According to the company, the Board approved the payout based on earnings and the firm’s capital position.

Where does Security Federal Corporation (SFDL) operate its branches?

Security Federal Bank operates 19 full-service branches across South Carolina and Georgia. According to the company, locations include Aiken, Columbia area towns, and Augusta and Evans, Georgia.

How can investors get more information about Security Federal Corporation (SFDL)'s dividend?

Investors can contact the company directly for details and confirmations. According to the company, the contact provided is Beverly S. Nettles at the listed phone number for additional information.