CHARLESTON, SC, March 25, 2021 / PRNewswire / – Today, the Board of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC), the parent company of The Bank of South Carolina, declared a quarterly cash dividend of $ 0.17 per share for registered shareholders April 6, 2021, delete April 30, 2021. This represents 126º quarterly cash dividend paid to shareholders – representing more than 30 years rewarding our shareholders.
In addition, the Board of Directors declared a special cash dividend of $ 0.10 per share for registered shareholders April 6, 2021, delete April 30, 2021.
Fleetwood S. Hassell, President and CEO, declared: “In March 26, 2020, our Board of Directors authorized the repurchase of up to $ 1.0 million common shares of the Company. Of this amount, approximately $ 400,000 was used to repurchase 25,067 shares. The repurchase program is scheduled to expire at the end of this quarter and we are satisfied with its success. In addition, we are pleased to use the remaining funds to reward our shareholders with a unique special offer. $ 0.10 cash dividend per share, in addition to the $ 0.17 quarterly cash dividend per share payable in April 30, 2021 registered shareholders April 6, 2021. We remain extremely well capitalized and we hope to move forward for the rest of the year with a return to better days. “
About Bank of South Carolina Corporation
Bank of South Carolina Corporation is the holding of The Bank of South Carolina (“The bank”). The bank is a South Carolina State– accredited bank with offices in Charleston, North Charleston, Summerville, Mt. Pleasantand the West Ashley community and has been in continuous operation since 1987. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common shares on the NASDAQ stock market under the symbol “BKSC”.
SOURCE Bank of South Carolina Corporation
Related Links
http://www.banksc.com