Bank of South Carolina Corporation Declares Dividend and Authorizes Share Repurchase Program

Core Points - The Board of Directors of Bank of South Carolina Corporation declared a quarterly cash dividend of $0.23 per share, marking the 145th quarterly cash dividend paid to shareholders [1] - The Board authorized a new stock repurchase program of up to $2.0 million, replacing the previous program that concluded with the repurchase of 156,326 shares at an average price of $12.79 per share [2] - The new stock repurchase program may involve various methods such as open market purchases or negotiated transactions, with the timing and amount based on management's assessment of liquidity and stock value [3] Company Overview - Bank of South Carolina Corporation is the holding company for The Bank of South Carolina, a state-chartered financial institution operating since 1987, with multiple locations in South Carolina [4]