Nvidia, AMD to pay 15% of China chip sales revenue to US govt- FT
MYRTLE BEACH, S.C. - South Atlantic Bancshares, Inc. (OTCQX: SABK), a bank holding company headquartered in Myrtle Beach, South Carolina, has announced a cash dividend of $0.10 per share on its common stock, representing a dividend yield of 0.63%. The stock, currently trading at $15.92, has shown strong momentum with a 31.89% return over the past year. Shareholders on record by the close of business on February 14, 2025, will receive the dividend on February 28, 2025.
K. Wayne Wicker, Chairman and CEO of South Atlantic, expressed confidence in the company’s performance, stating that after overcoming challenges in the early part of 2024, the company closed the year with strong results. According to InvestingPro data, the company achieved 4.52% revenue growth in the last twelve months. This dividend marks the third consecutive annual cash dividend since the company’s first such payment in early 2023, reflecting the company’s continued success and shareholder support.
South Atlantic Bancshares, with total assets of approximately $1.8 billion as of December 31, 2024, operates through its subsidiary, South Atlantic Bank. The company, currently valued at $119.82 million in market capitalization, trades at a P/E ratio of 12.2. The bank provides a range of banking services to individuals, small businesses, and corporations along the South Carolina coast, with twelve locations across the region. South Atlantic Bank offers consumer and commercial banking products, including mortgage and treasury management services, and emphasizes personalized community banking.
The company maintains a website with investor relations materials, including annual meeting documents, annual reports, and quarterly earnings reports. South Atlantic Bancshares also uses its website as a channel for disclosing material non-public information in compliance with disclosure obligations for U.S. Banks under the OTC Markets Group OTCQX Rules. For deeper insights into SABK’s valuation and performance metrics, investors can access additional analysis through InvestingPro, which offers exclusive financial health scores and detailed company analysis.
This dividend announcement is based on a press release statement from South Atlantic Bancshares, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.