First South Bancorp (FSBK) Declares $0.035 Quarterly Dividend; 1.1% Yield

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First South Bancorp, Inc. Declares Quarterly Cash Dividend

April 28, 2017 9:56 AM EDT

WASHINGTON, N.C., April 28, 2017 /PRNewswire/ -- First South Bancorp, Inc. (NASDAQ: FSBK) (the "Company"), the parent holding company of First South Bank (the "Bank"), reports that on April 27, 2017 the Company's Board of Directors declared a quarterly cash dividend of $0.035 per share, payable May 19, 2017 to shareholders of record as of the close of business on May 8, 2017.    

This dividend payment is the Company's thirteenth consecutive quarterly cash dividend and represents a payout ratio of 17.5% of first quarter 2017 diluted earnings per share.

First South Bank has... More