Bank of South Carolina Co. (NASDAQ:BKSC) to Issue Dividend Increase – $0.19 Per Share

Bank of South Carolina Co. (NASDAQ:BKSC) announced a quarterly dividend on Thursday, September 26th, NASDAQ reports. Investors of record on Tuesday, October 8th will be given a dividend of 0.19 per share by the bank on Thursday, October 31st. This represents a $0.76 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Tuesday, October 8th. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17.

Bank of South Carolina has decreased its dividend payment by an average of 8.2% annually over the last three years.

Bank of South Carolina Price Performance

Shares of NASDAQ BKSC traded up $0.09 during trading hours on Friday, reaching $11.69. The stock had a trading volume of 1,230 shares, compared to its average volume of 2,532. The company has a market cap of $63.80 million, a price-to-earnings ratio of 11.24 and a beta of 0.49. Bank of South Carolina has a twelve month low of $10.22 and a twelve month high of $15.02. The business’s fifty day moving average is $11.75 and its two-hundred day moving average is $11.94.

Bank of South Carolina (NASDAQ:BKSC) last announced its quarterly earnings data on Thursday, July 11th. The bank reported $0.32 earnings per share (EPS) for the quarter. The company had revenue of $5.61 million during the quarter. Bank of South Carolina had a net margin of 20.76% and a return on equity of 12.48%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Bank of South Carolina in a research note on Friday, September 20th. They set a “sell” rating for the company.

About Bank of South Carolina

Bank of South Carolina Corporation operates as a bank holding company for The Bank of South Carolina that provides a range of financial products and services primarily in Charleston, Berkeley, and Dorchester counties of South Carolina. Its deposits include non-interest-bearing demand accounts, NOW accounts, money market accounts, time deposits, and savings accounts, as well as certificates of deposit.