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CHARLESTON, S.C. - Bank of South Carolina Corporation (OTCQX:BKSC) declared a quarterly cash dividend of $0.21 per share, representing an 11% increase from its previous dividend, according to a company press release issued Thursday. The dividend announcement comes as the company maintains an impressive 5.43% yield, significantly above its 5-year average of 5%.
The dividend will be payable on July 31, 2025, to shareholders of record as of July 8, 2025. This marks the 143rd consecutive quarterly cash dividend paid by the company.
The $0.02 per share increase follows a pattern of dividend growth, with the company having raised its dividend by 23% over the past nine months.
"The strength of our earnings and capital support this 11% increase," said Eugene H. Walpole, IV, President and Chief Executive Officer in the statement.
Bank of South Carolina Corporation serves as the holding company for The Bank of South Carolina, a state-chartered financial institution operating since 1987. The bank maintains offices throughout the Charleston area, including locations in North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community.
The company’s stock trades on the OTCQX Best Market.
In other recent news, the Bank of South Carolina Corporation announced a quarterly cash dividend of $0.19 per share. This dividend will be payable on April 30, 2025, to shareholders of record as of April 8, 2025. This marks the 142nd consecutive quarterly dividend, highlighting the bank’s commitment to providing consistent returns to its investors. The announcement reflects the bank’s ongoing financial health and strategy to enhance shareholder value. The Bank of South Carolina, which trades on the OTCQX Best Market, has maintained a reputation for stability and continuity since its inception in 1987. Regular dividend declarations are often viewed as indicators of a company’s financial stability and can attract investors seeking steady income streams. The bank operates multiple offices across the region, including Charleston and surrounding areas. Investors are encouraged to conduct their own due diligence when considering investment opportunities.
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