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CHARLESTON - Bank of South Carolina Corporation (OTCQX:BKSC) declared a quarterly cash dividend of $0.23 per share, payable October 31 to shareholders of record as of October 7, the company announced Thursday. The dividend represents a compelling 5.41% yield at current share prices.
The dividend represents the 144th consecutive quarterly cash payment to shareholders and marks the second consecutive quarterly increase, the first such occurrence in the bank’s history. According to InvestingPro data, the bank has maintained dividend payments for 37 consecutive years, demonstrating remarkable consistency in shareholder returns.
The latest dividend reflects a 35% increase over the past twelve months, with a total increase of $0.06 per share during that period.
"For the first time in our history, we’ve raised the cash dividend for a second consecutive quarter - a milestone that highlights the strength of our capital and earnings," said Eugene H. Walpole, IV, President and Chief Executive Officer, in a press release statement.
Bank of South Carolina Corporation serves as the holding company for The Bank of South Carolina, a state-chartered financial institution operating in Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community since 1987.
In other recent news, the Bank of South Carolina Corporation announced an increase in its quarterly cash dividend by 11%. The new dividend is set at $0.21 per share, as stated in a company press release. This dividend will be payable on July 31, 2025, to shareholders who are on record as of July 8, 2025. This marks the 143rd consecutive quarterly cash dividend distributed by the company.
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