Severn Bancorp (SVBI) Declares $0.03 Quarterly Dividend; 1.7% Yield

Severn Bancorp (NASDAQ: SVBI) declared a quarterly dividend of $0.03 per share, or $0.12 annualized.

The dividend will be payable on March 19, 2018, to stockholders of record on March 8, 2018, with an ex-dividend date of March 7, 2018.

The annual yield on the dividend is 1.7 percent.

Alan J. Hyatt, President and Chief Executive Officer said "The Company is pleased to be able to resume paying a dividend to its shareholders. We are able to do so as a result of continuing growth in core earnings and loans. We remain focused on creating long term banking relationships with customers in our marketplace that prefer doing business with a community bank."

For a dividend history and other dividend-related data on Severn Bancorp (SVBI) click here.

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