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First Reliance Bancshares, Inc. operates as the bank holding company for First Reliance Bank that provides banking products and services in the United States. The company offers checking, savings, money market, and individual retirement accounts; certificates of deposit; and insurance products. It also provides personal loans, including unsecured, auto, real estate, overdraft protection, and other loans, as well as home equity line of credit; business loans, such as business installment, commercial real estate, and overdraft protection loans, as well as business lines of credit; mortgage loans; and debit and credit card services. In addition, the company offers treasury; indirect dealer; online, mobile, and business banking; and other services. First Reliance Bancshares, Inc. was founded in 1999 and is based in Florence, South Carolina.

First Reliance Bancshares Dividend Announcement

• First Reliance Bancshares does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on First Reliance Bancshares dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

First Reliance Bancshares Dividend History

First Reliance Bancshares Dividend Yield

First Reliance Bancshares current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing First Reliance Bancshares stock? Use our calculator to estimate your expected dividend yield:

First Reliance Bancshares Financial Ratios

P/E ratio13.25
PEG ratio0.42
P/B ratio0.95
ROE7.75%
Payout ratio0.00%
Current ratio0.09
Quick ratio0.09
Cash Ratio0.00

First Reliance Bancshares Dividend FAQ

Does First Reliance Bancshares stock pay dividends?
First Reliance Bancshares does not currently pay dividends to its shareholders.
Has First Reliance Bancshares ever paid a dividend?
No, First Reliance Bancshares has no a history of paying dividends to its shareholders. First Reliance Bancshares is not known for its dividend payments.
Why doesn't First Reliance Bancshares pay dividends?
There are several potential reasons why First Reliance Bancshares would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will First Reliance Bancshares ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While First Reliance Bancshares has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is First Reliance Bancshares a dividend aristocrat?
First Reliance Bancshares is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is First Reliance Bancshares a dividend king?
First Reliance Bancshares is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is First Reliance Bancshares a dividend stock?
No, First Reliance Bancshares is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy First Reliance Bancshares stocks?
To buy First Reliance Bancshares you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy First Reliance Bancshares stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.