Table of Contents

company-logo

South Atlantic Bancshares, Inc. operates as the bank holding company for South Atlantic Bank that provides consumer and commercial banking products and services to individuals, small businesses, and corporations in South Carolina. The company offers checking, money market, and saving accounts, as well as certificate of deposit, individual retirement, and health saving accounts; personal, auto, and recreation loans, as well as home equity and ready reserve overdraft line of credits, and commercial lending products; and credit cards. It also provides cash management and merchant card services; remote deposit capture and automated clearing house services; online, mobile, and telephone banking services; personal and business checks; mortgage products and services; and wealth management services. As of February 3, 2022, the company operated twelve offices in Myrtle Beach, Carolina Forest, North Myrtle Beach, Murrells Inlet, Pawleys Island, Georgetown, Mount Pleasant, Charleston, Bluffton, Hilton Head Island, and Beaufort, South Carolina. South Atlantic Bancshares, Inc. was founded in 2007 and is headquartered in Myrtle Beach, South Carolina.

South Atlantic Bancshares Dividend Announcement

• South Atlantic Bancshares announced a annually dividend of $0.10 per ordinary share which will be made payable on 2024-02-28. Ex dividend date: 2024-02-13
• South Atlantic Bancshares annual dividend for 2024 was $0.10
• South Atlantic Bancshares annual dividend for 2023 was $0.10
• South Atlantic Bancshares's trailing twelve-month (TTM) dividend yield is 0.7%

South Atlantic Bancshares Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-02-13$0.10annually2024-02-28
2023-01-31$0.10annually2023-02-15

South Atlantic Bancshares Dividend per year

South Atlantic Bancshares Dividend Yield

South Atlantic Bancshares current trailing twelve-month (TTM) dividend yield is 0.7%. Interested in purchasing South Atlantic Bancshares stock? Use our calculator to estimate your expected dividend yield:

South Atlantic Bancshares Financial Ratios

P/E ratio11.87
PEG ratio0.12
P/B ratio0.94
ROE8.48%
Payout ratio0.00%
Current ratio0.37
Quick ratio0.37
Cash Ratio0.37

South Atlantic Bancshares Dividend FAQ

Does South Atlantic Bancshares stock pay dividends?
South Atlantic Bancshares does not currently pay dividends to its shareholders.
Has South Atlantic Bancshares ever paid a dividend?
No, South Atlantic Bancshares has no a history of paying dividends to its shareholders. South Atlantic Bancshares is not known for its dividend payments.
Why doesn't South Atlantic Bancshares pay dividends?
There are several potential reasons why South Atlantic 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 South Atlantic 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 South Atlantic 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 South Atlantic Bancshares a dividend aristocrat?
South Atlantic 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 South Atlantic Bancshares a dividend king?
South Atlantic 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 South Atlantic Bancshares a dividend stock?
No, South Atlantic 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 South Atlantic Bancshares stocks?
To buy South Atlantic 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 South Atlantic 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.