Severn Bancorp (SVBI) Raises Quarterly Dividend 25% to $0.05; 2.4% Yield

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Go back to Severn Bancorp (SVBI) Raises Quarterly Dividend 25% to $0.05; 2.4% Yield

Severn Bancorp, Inc. Announces Dividend

February 24, 2021 4:05 PM EST

ANNAPOLIS, Md., Feb. 24, 2021 /PRNewswire/ -- Severn Bancorp, Inc. (NASDAQ: SVBI), the parent company of Severn Bank announced that the Board of Directors declared a 25% increase in the quarterly cash dividend to its shareholders. The cash dividend of five cents ($0.05) per share of common stock will be payable on March 15, 2021 to shareholders of record at the close of business on March 8, 2021.

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