Add as a preferred source on GoogleCoastalSouth Raises Quarterly Dividend to $0.06 Per Share
The Atlanta-based bank parent declared the dividend Oct. 19 and scheduled payment for Nov. 24.
CoastalSouth Bancshares, Inc. raised its quarterly dividend to $0.06 per share from $0.05 in the previous quarter, increasing its shareholder payout alongside stronger third-quarter earnings.
The Atlanta-based parent of Coastal States Bank declared the dividend Oct. 19. The new rate is $0.01 per share above the previous quarterly payout.
The increase accompanied third-quarter earnings that showed net income rising to $8.8 million from $6.7 million a year earlier.
Shareholders of record at the close of business Nov. 10 are scheduled to receive the dividend Nov. 24.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.