CHARLESTON, S.C. - The Bank of South Carolina Corporation (OTCQX:BKSC), a financial institution with a history dating back to 1987, has announced a quarterly cash dividend of $0.19 per share, representing an attractive 5.84% dividend yield. The dividend is scheduled to be paid on January 31, 2025, to shareholders of record as of December 31, 2024. This marks the 141st consecutive quarterly cash dividend issued by the corporation, with InvestingPro data showing an impressive 36-year streak of consistent dividend payments.
The Bank of South Carolina, a state-chartered bank under the holding company with a market capitalization of $72.17 million, operates several offices across the region, including Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and West Ashley. The announcement of the dividend follows the bank’s tradition of providing returns to its shareholders and reflects its ongoing financial practices. Trading at a P/E ratio of 12.26, the stock has shown a year-to-date return of -8.43%.
The Bank of South Carolina has been serving the community for over three decades and has established a reputation for stability and continuity in its operations. The bank’s stock is currently traded on the OTCQX Best Market, a financial market for over-the-counter stocks, where it is listed under the ticker symbol "BKSC."
This dividend declaration is based on a press release statement from the Bank of South Carolina Corporation and is intended for shareholders and investors who track the financial performance of the company. The bank’s commitment to maintaining a regular dividend payout underscores its financial health and dedication to shareholder value.
Investors interested in the bank’s performance and dividend history can find more information on the company’s website or by following its stock performance on the OTCQX Best Market. The bank continues to focus on providing quality banking services to its customers while ensuring consistent returns to its investors.
In other recent news, Bank of South Carolina Corporation has announced a series of significant financial decisions. The company declared an increase in its quarterly cash dividend to $0.19 per share, marking a 12% rise from the previous dividend. This increase is a reflection of the company’s robust earnings and capital position, as indicated by President and CEO Eugene H. Walpole, IV.
The upcoming dividend payment will push the total cash dividends distributed since the bank’s inception beyond the $66 million mark. This is a testament to the bank’s history of rewarding its shareholders and its confidence in its financial health.
In addition to this, the bank had previously declared two quarterly cash dividends of $0.17 per share, which were the 139th and 138th consecutive payouts to its shareholders. These decisions align with the bank’s longstanding policy of regular dividend payouts, demonstrating its commitment to returning value to its investors. These are some of the recent developments at Bank of South Carolina Corporation.
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