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Bank holding companies

SouthFirst Bancshares Declares 16th Consecutive Quarterly Dividend

Strategic Insights

— 1 min read

SouthFirst Bancshares, a thrift holding company, has a history of consistently paying dividends to its shareholders. The company's Chairman, Donald C. Stroup, recently announced a $.15 per share cash dividend for its fourth fiscal quarter ended September 30, 1998. This dividend is the 16th consecutive quarterly dividend declared by SouthFirst Bancshares since its initial public offering in 1995.

Key Takeaways:

  • SouthFirst Bancshares, Inc. declared a $.15 per share cash dividend for its fourth fiscal quarter ended September 30, 1998.
  • This dividend represents a 20% increase from the previous quarter, from $.125 to $.15.
  • The dividend will be payable on November 16, 1998, to stockholders of record as of November 2, 1998.
  • This is the 16th consecutive quarterly dividend declared by SouthFirst Bancshares, Inc. since its initial public offering on February 13, 1995.
  • The total amount paid out in dividends during this fiscal year is $0.60 per share.
  • The company owns all of the outstanding shares of stock of First Federal of the South, a Federal Savings Association, with offices located in Sylacauga, Talladega, Clanton, Centreville, Birmingham, Dothan, and Rainbow City/Gadsden.

Statistics:

  • $0.60 per share has been paid out in dividends during this fiscal year.
  • The dividend increase from the previous quarter is 20% ($0.125 to $0.15).
  • The dividend will be payable to stockholders of record as of November 2, 1998.
  • The initial public offering of SouthFirst Bancshares, Inc. occurred on February 13, 1995.
  • The 16th consecutive quarterly dividend declaration marks consistency in dividend payments since 1995.

Sources:

  • Oct. 21, 1998, BUSINESS WIRE

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