First South Bancorp (FSBK) Raises Quarterly Dividend 20% to $0.03; 1.4% Yield

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Go back to First South Bancorp (FSBK) Raises Quarterly Dividend 20% to $0.03; 1.4% Yield

First South Bancorp, Inc. Declares 20% Increase In The Quarterly Cash Dividend Rate

April 29, 2016 9:30 AM EDT

WASHINGTON, N.C., April 29, 2016 /PRNewswire/ -- First South Bancorp, Inc. (NASDAQ: FSBK) (the "Company"), the parent holding company of First South Bank (the "Bank"), reports that on April 28, 2016 the Company's Board of Directors declared a quarterly cash dividend of $0.03 per share, payable May 19, 2016 to shareholders of record as of the close of business on May 9, 2016.  This quarterly cash dividend payment represents a 20% payment rate increase over the previous quarterly dividend payment. 

Bruce Elder, President and Chief Executive Officer of the Company, stated that "the Board of Directors determined... More