Bank of South Carolina Co. (NASDAQ:BKSC) Plans Quarterly Dividend of $0.19

Bank of South Carolina Co. (NASDAQ:BKSC) declared a quarterly dividend on Thursday, September 26th, NASDAQ reports. Investors of record on Tuesday, October 8th will be paid a dividend of 0.19 per share by the bank on Thursday, October 31st. This represents a $0.76 annualized dividend and a yield of 6.24%. The ex-dividend date is Tuesday, October 8th. This is an increase 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% per year over the last three years.

Bank of South Carolina Stock Up 0.8 %

Shares of BKSC stock opened at $12.17 on Friday. The stock has a market cap of $66.42 million, a P/E ratio of 11.70 and a beta of 0.49. Bank of South Carolina has a fifty-two week low of $10.22 and a fifty-two week high of $15.02. The business has a fifty day simple moving average of $11.78 and a 200-day simple moving average of $11.92.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Bank of South Carolina in a research note on Sunday. They issued a “sell” rating on the stock.

Bank of South Carolina Company Profile

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.