CHARLESTON, S.C., March 28, 2019 /PRNewswire/ -- Today, the Board
of Directors of Bank of South Carolina Corporation, (NASDAQ: BKSC)
the parent company for The Bank of South
Carolina, declared a quarterly cash dividend of $0.16 per share to shareholders of record
April 8, 2019, payable April 30, 2019. This represents the
118th quarterly cash dividend paid to shareholders since
1987.
Fleetwood S. Hassell, President
and Chief Executive Officer, stated, "This represents our
118th quarterly cash dividend since our inception over
32 years ago. This quarter's dividend represents a 7% increase from
the previous quarter and is a reflection of our ongoing commitment
to reward our shareholders. We remain committed to our business
model of soundness, profitability, and growth."
The Bank of South Carolina, a
De Novo Charter, which opened in 1987 at 256 Meeting Street, has
offices in Summerville,
Mt. Pleasant, and the West Ashley
community. A fifth office at 9403 Highway 78 in North Charleston is under construction and
anticipated to open in the fourth quarter of 2019. Our website is
www.banksc.com. Bank of South Carolina Corporation currently trades
its common stock on the NASDAQ stock market under the symbol
"BKSC".
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SOURCE Bank of South Carolina Corporation