Severn Bancorp (SVBI) Declares $0.03 Quarterly Dividend; 1.5% Yield

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Severn Bancorp, Inc. Announces Dividend

May 29, 2018 4:55 PM EDT

ANNAPOLIS, Md., May 29, 2018 /PRNewswire/ -- Severn Bancorp, Inc., (Nasdaq: SVBI) (the "Company"), parent company of Severn Savings Bank, FSB, today announced that the Board of Directors approved a cash dividend to shareholders. The cash dividend of three cents ($0.03) per share of common stock will be payable on June 18, 2018 to shareholders of record at the close of business on June 8, 2018.

 

Alan J. Hyatt, President and Chief Executive Officer said "The... More