Bank of South Carolina Corporation Announces Dividend Increase for Shareholders

Bank of South Carolina Corporation Declares Increased Dividend

On September 25, 2025, the Board of Directors of the Bank of South Carolina Corporation, trading under OTCQX as BKSC, made a significant announcement regarding its dividend policy. The company declared a quarterly cash dividend of $0.23 per share to its shareholders of record as of October 7, 2025, which is payable on October 31, 2025. This marks the 144th time the bank has issued a cash dividend to its shareholders.

Eugene H. Walpole, IV, the organization's President and Chief Executive Officer, expressed his enthusiasm about this decision, confirming that this is the first time in its history that the bank has increased its cash dividend for two consecutive quarters. He emphasized that this milestone underscores the organization's stability and robust earnings performance, saying, "We are having a fantastic year, and we're pleased to be able to share that success with our shareholders."

Over the last twelve months, the bank has raised its cash dividend by $0.06 per share, equating to an impressive 35% increase. This reflects not only the institution's consistent growth but also a commitment to returning value to its investors.

The Bank of South Carolina Corporation operates as the parent company for the Bank of South Carolina, which has been a part of the local financial landscape since 1987. It serves various communities with offices situated in prominent areas including Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community. The bank focuses on providing personalized customer service and addressing local financial needs.

In recent years, the Bank of South Carolina has also gained recognition for its excellence, having been ranked 66th among the nation’s top 100 publicly traded community banks. This accolade reflects the entity's position within the financial sector and its ongoing commitment to deliver exceptional services.

The institution positions itself strategically within the evolving market while adhering to the core principles of sound banking practices. The recent announcements and the dividend increase paint a bright picture of the bank's future, illustrating its dedication to shareholder investment and community support.

Furthermore, the Bank of South Carolina's online presence, through its website www.banksc.com, allows potential customers and investors to stay updated about its services and financial activities.

As the company moves forward, stakeholders will be watching closely to see how continued efforts in strengthening earnings and increasing dividends will unfold in the current fiscal year and beyond. The board’s optimism resonates well with investors encouraging a hopeful outlook for future expansions and profitability, securing the bank’s place as a reliable institution in the region’s financial ecosystem.