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 December 19, 2018, to stockholders of record on December 7, 2018, with an ex-dividend date of December 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 our fourth dividend of the year. We recently reported another quarter of good earnings and are happy to see the positive trend. We remain committed to our mission of serving the community as well as the residents and businesses of Anne Arundel County. Our priority continues to be delivering shareholder value and positioning the company for continued success."

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

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