Bank of South Carolina Corporation Announces Significant Dividend Increase for Investors

Bank of South Carolina Corporation Declares Increased Dividend



On June 26, 2025, the Board of Directors of the Bank of South Carolina Corporation (OTCQX: BKSC), the parent entity of The Bank of South Carolina, made a significant announcement regarding its quarterly cash dividend. The board declared a cash dividend of $0.21 per share, which will be distributed to shareholders of record on July 8, 2025. This payout is scheduled for July 31, 2025, marking the 143rd quarterly cash dividend that the bank has issued to its shareholders.

Eugene H. Walpole, IV, the President and Chief Executive Officer of the bank, expressed his enthusiasm over this announcement, highlighting how the robust earnings and capital structure of the institution have supported this 11% increase, which adds $0.02 to the previous dividend amount. Walpole further noted that this is part of a broader strategy that has seen dividends grow by an impressive 23% over the past nine months. This increase is indicative of the bank's commitment to sound capital management practices and its dedication to providing sustainable, long-term value to its investors.

The Bank of South Carolina Corporation serves as the holding company for The Bank of South Carolina, which operates as a state-chartered financial institution. Established in 1987, the bank has solidified its presence in the local community with multiple branches located in Charleston, North Charleston, Summerville, Mount Pleasant, James Island, and West Ashley. The corporation's trading symbol,

Topics Financial Services & Investing)

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