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. Stockholders 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 dividend on an annualized basis and a dividend yield of 6.24%. The ex-dividend date of this dividend is Tuesday, October 8th. This is a positive change from Bank of South Carolina’s previous quarterly dividend of $0.17.

Bank of South Carolina has decreased its dividend by an average of 8.2% per year over the last three years.

Bank of South Carolina Stock Performance

BKSC stock opened at $12.17 on Monday. The stock has a market cap of $66.42 million, a P/E ratio of 11.70 and a beta of 0.49. The firm has a 50 day simple moving average of $11.78 and a 200 day simple moving average of $11.91. Bank of South Carolina has a 52 week low of $10.22 and a 52 week high of $15.02.

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

Wall Street Analysts Forecast Growth

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

About Bank of South Carolina

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.