Severn Bancorp (SVBI) Raises Quarterly Dividend 33.3% to $0.04; 0.5% Yield

Severn Bancorp (NASDAQ: SVBI) declared a quarterly dividend of $0.04 per share. This is a 33.3% increase from the prior dividend of $0.03.

The dividend will be payable on September 17, 2019, to stockholders of record on September 6, 2019, with an ex-dividend date of September 18, 2019.

The annual yield on the dividend is 0.5 percent.

Alan J. Hyatt, President and Chief Executive Officer said, "We are happy to be able to increase the dividend payment for the second quarter to four cents. We hope this sends a signal to our shareholders of our commitment to them and to increasing shareholder value. The Company remains dedicated to continued increases in earnings and organic growth. "

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

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