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. The company offers secured and unsecured commercial loans, commercial real estate construction loans, consumer construction loans, home equity lines of credit, and mortgage originations, as well as paycheck protection program loans. It operates five banking house locations. The company was founded in 1986 and is headquartered in Charleston, South Carolina.
Bank of South Carolina Dividend Announcement
• Bank of South Carolina announced a quarterly dividend of $0.19 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-10-08
• Bank of South Carolina annual dividend for 2024 was $0.70
• Bank of South Carolina annual dividend for 2023 was $0.51
• Bank of South Carolina's trailing twelve-month (TTM) dividend yield is 5.22%
• Bank of South Carolina's payout ratio for the trailing twelve months (TTM) is 14.99%
• Bank of South Carolina's dividend growth over the last five years (2018-2023) was -1.50% year
• Bank of South Carolina's dividend growth over the last ten years (2013-2023) was 0.20% year
Bank of South Carolina Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-08 | $0.19 | quarterly | 2024-10-31 |
2024-07-08 | $0.17 | quarterly | 2024-07-31 |
2024-04-08 | $0.17 | quarterly | 2024-04-30 |
2024-01-02 | $0.17 | quarterly | 2024-01-31 |
2023-10-06 | $0.17 | quarterly | 2023-10-31 |
2023-06-30 | $0.17 | quarterly | 2023-07-31 |
2023-04-03 | $0.17 | quarterly | 2023-04-28 |
2022-12-23 | $0.17 | quarterly | 2023-01-31 |
2022-10-03 | $0.17 | quarterly | 2022-10-31 |
2022-07-05 | $0.17 | quarterly | 2022-07-29 |
2022-07-01 | $0.17 | quarterly | 2022-07-29 |
2022-03-31 | $0.17 | quarterly | 2022-04-29 |
2021-12-27 | $0.17 | quarterly | 2022-01-31 |
2021-10-04 | $0.17 | quarterly | 2021-10-29 |
2021-07-02 | $0.17 | quarterly | 2021-07-30 |
2021-04-05 | $0.27 | quarterly | 2021-04-30 |
2020-12-28 | $0.17 | quarterly | 2021-01-29 |
2020-10-02 | $0.17 | quarterly | 2020-10-30 |
2020-07-06 | $0.16 | quarterly | 2020-07-31 |
2020-04-03 | $0.16 | quarterly | 2020-04-30 |
2019-12-31 | $0.16 | quarterly | 2020-01-31 |
2019-10-04 | $0.26 | quarterly | 2019-10-31 |
2019-07-08 | $0.16 | quarterly | 2019-07-31 |
2019-04-05 | $0.16 | quarterly | 2019-04-30 |
2019-01-08 | $0.15 | quarterly | 2019-01-31 |
2018-10-05 | $0.25 | quarterly | 2018-10-31 |
2018-07-06 | $0.15 | quarterly | 2018-07-31 |
2018-03-29 | $0.15 | quarterly | 2018-04-30 |
2017-12-29 | $0.15 | quarterly | 2018-01-31 |
2017-10-06 | $0.15 | quarterly | 2017-10-31 |
2017-06-29 | $0.14 | quarterly | 2017-07-31 |
2017-03-31 | $0.14 | quarterly | 2017-04-28 |
2016-12-28 | $0.14 | quarterly | 2017-01-31 |
2016-09-29 | $0.14 | quarterly | 2016-10-31 |
2016-06-30 | $0.13 | quarterly | 2016-07-29 |
2016-04-06 | $0.13 | quarterly | 2016-04-29 |
2015-12-28 | $0.13 | quarterly | 2016-01-29 |
2015-10-01 | $0.12 | quarterly | 2015-10-30 |
2015-09-03 | $0.13 | quarterly | 2015-09-28 |
2015-07-01 | $0.12 | quarterly | 2015-07-31 |
2015-04-02 | $0.13 | quarterly | 2015-04-30 |
2014-12-26 | $0.13 | quarterly | 2015-01-30 |
2014-10-06 | $0.25 | quarterly | 2014-10-31 |
2014-07-02 | $0.13 | quarterly | 2014-07-31 |
2014-04-04 | $0.13 | quarterly | 2014-04-30 |
2013-12-26 | $0.13 | quarterly | 2014-01-31 |
2013-10-03 | $0.13 | quarterly | 2013-10-31 |
2013-07-03 | $0.12 | quarterly | 2013-07-31 |
2013-04-04 | $0.12 | quarterly | 2013-04-30 |
Bank of South Carolina Dividend per year
Bank of South Carolina Dividend growth
Bank of South Carolina Dividend Yield
Bank of South Carolina current trailing twelve-month (TTM) dividend yield is 5.22%. Interested in purchasing Bank of South Carolina stock? Use our calculator to estimate your expected dividend yield:
Bank of South Carolina Financial Ratios
Bank of South Carolina Dividend FAQ
Other factors to consider when evaluating Bank of South Carolina as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Bank of South Carolina's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Bank of South Carolina publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Bank of South Carolina distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Bank of South Carolina are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Bank of South Carolina sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Bank of South Carolina distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bank of South Carolina declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Bank of South Carolina's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Bank of South Carolina's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.