Security Bank (SBKC) Suspends Dividend
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Security Bank Corporation (Nasdaq: SBKC) said its Board of Directors has voted to suspend regular quarterly dividends on its common stock effective immediately and also voted to suspend holding company Board of Directors' fees.
The company said, ..."we believe maintaining a strong capital position is a priority at this time and eliminating our dividend will improve our capital position by conserving approximately $1.0 million of capital per quarter."
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