1. BKSC declares a quarterly cash dividend of $0.23 per share. 2. Authorization for $2 million stock repurchase program announced. 3. 145th dividend payment reflects consistent shareholder returns. 4. Previous repurchase program successfully concluded with 156,326 shares bought. 5. Repurchases could enhance shareholder value and stock price.
FAQ
Why Bullish?
The dividend and repurchase signals confidence in financial health; historically, stocks with buybacks and dividends see price increases, as exemplified by similar banks improving their stock values post-announcement.
How important is it?
The declared dividend and share repurchase demonstrate solid shareholder returns and potential stock price support, likely attracting investor interest and enhancing BKSC's market presence.
Why Short Term?
The immediate financial benefits of dividend payouts and repurchase activities tend to influence stock prices shortly after the announcements, often driving demand and leading to price appreciation.
CHARLESTON, S.C. , Dec. 18, 2025 /PRNewswire/ -- Today, the Board of Directors of Bank of South Carolina Corporation, (OTCQX:BKSC) the parent company for The Bank of South Carolina, declared a quarterly cash dividend of $0.23 per share to shareholders of record December 30, 2025, payable January 30, 2026. This represents the 145th quarterly cash dividend paid to shareholders.
Additionally, the Board of Directors authorized the repurchase of up to $2.0 million of the Company's issued and outstanding common stock. This new repurchase program replaces the previous stock repurchase program approved by the Board on May 25, 2023, which recently concluded with the successful repurchase of 156,326 shares at an average price of $12.79 per share.
The stock repurchases under the new program may be open market or private purchases, negotiated transactions, block purchases, or otherwise, in accordance with securities laws. The amount and timing of the stock repurchases will be based on various factors, such as management's assessment of the Company's liquidity, the market price of Company common stock compared to management's assessment of such stock's underlying value, and other applicable regulatory, legal and accounting factors. The Company has no obligation to repurchase any shares and may discontinue repurchases at any time.
About Bank of South Carolina Corporation
The Bank of South Carolina Corporation is the holding company of The Bank of South Carolina ("The Bank"). The Bank is a South Carolina state-chartered financial institution with offices in Charleston, North Charleston, Summerville, Mt. Pleasant, James Island, and the West Ashley community and has been in continuous operation since 1987. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the OTCQX® Best Market under the symbol "BKSC".
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SOURCE Bank of South Carolina