Severn Bancorp (SVBI) Declares $0.03 Quarterly Dividend; 1.3% Yield

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

The dividend will be payable on September 18, 2018, to stockholders of record on September 7, 2018, with an ex-dividend date of September 6, 2018.

The annual yield on the dividend is 1.3 percent.

Alan J. Hyatt, President and Chief Executive Officer said "We are pleased to announce another dividend payment to our shareholders. Our efforts to increase net income and control costs are proving successful. We are committed to continuing the positive trend and delivering shareholder value."

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

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