Severn Bancorp (SVBI) Declares $0.03 Quarterly Dividend; 1.3% Yield
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Severn Bancorp, Inc. Announces Dividend
August 28, 2018 4:05 PM EDTANNAPOLIS, Md., Aug. 28, 2018 /PRNewswire/ --Â 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 its shareholders. The cash dividend of three cents ($0.03) per share of common stock will be payable on September 18, 2018 to shareholders of record at the close of business on September 7, 2018.
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