What's Happening?
South Atlantic Bancshares, Inc., the parent company of South Atlantic Bank, has declared a cash dividend of $0.10 per share on its common stock. The dividend will be payable on February 27, 2026, to shareholders of record as of February 13, 2026. The announcement follows a record year for the company, with strong financial performance in 2025. South Atlantic Bancshares, based in Myrtle Beach, South Carolina, operates a full-service financial institution with 12 locations across the coastal region. The bank offers a range of consumer and commercial banking services, including mortgage and treasury management.
Why It's Important?
The declaration of a cash dividend reflects South Atlantic Bancshares' robust financial health and commitment to returning value to its
shareholders. This move is likely to enhance investor confidence and attract potential investors looking for stable returns. The bank's strong performance in 2025 and strategic expansion across South Carolina positions it well for continued growth. The dividend announcement also underscores the bank's focus on maintaining shareholder value and financial stability.
