Bank of South Carolina Corporation Announces Dividend Increase With a 9% Rise in Shareholder Returns

Bank of South Carolina Corporation Declares Increased Dividend

On June 25, 2026, the Board of Directors of Bank of South Carolina Corporation, trading under the OTCQX symbol BKSC, made a significant announcement regarding their financial commitment to shareholders. The bank, which operates multiple branches across South Carolina, declared a quarterly cash dividend of $0.25 per share. This dividend is to be issued to shareholders recorded by July 7, 2026, with a payment set for July 31, 2026. This payment signifies the 147th consecutive quarterly cash dividend declared by the bank, highlighting its long-standing tradition of returning value to investors.

Eugene H. Walpole, IV, who serves as the bank's President and Chief Executive Officer, expressed enthusiasm over this announcement. He remarked that the increase of $0.02 per share, or 9% from the last quarter, not only reflects the company’s robust earnings and capital strength but also demonstrates its steadfast dedication to providing value to shareholders. With this increment, the bank reaches a forward annualized cash dividend of $1.00 per share, marking a notable achievement in its financial timeline.

The Bank of South Carolina Corporation has been a part of the South Carolina financial landscape since 1987, establishing its reputation as a reliable state-chartered financial institution. Its offices are strategically situated in key areas including Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community, serving a diverse clientele ranging from individuals to businesses all across the region.

This dividend increase is a testament to the bank's ongoing efforts to enhance shareholder value, especially in a financial environment that is constantly evolving. Shareholders can view this as a reflection of not just the bank’s past performance but also its future potential. The Board's decision underscores a commitment to maintaining stability and growth within its operations while ensuring that shareholders benefit directly from the institution's success.

Investors looking to understand the Bank of South Carolina's financial strategies will find this increment a product of sound management practices and a clear focus on profitability. The commitment to increasing dividends can attract new investors while maintaining the current shareholder base, ultimately lifting the bank's profile in the competitive financial services market.

In sum, the announcement of an increased dividend by the Bank of South Carolina Corporation serves as positive news, not only inside the financial circles but also within the broader community, hinting at a promising outlook for the bank's future. As the bank continues to thrive, stakeholders can feel secure knowing that their investment is in capable hands, dedicated to growth and shareholder satisfaction.

For more detailed information about the bank's performance and future outlook, you can visit their official website at www.banksc.com.

This press release reflects an ongoing commitment by the Bank of South Carolina Corporation to its shareholders and the greater South Carolina community, ensuring that they are on a path of consistent financial health and stability.