Security Federal Corporation announced that its Board of Directors has declared a special cash dividend of $0.10 per share. This additional payment is a direct result of the company's continued profitability.
The special dividend will be paid on April 15, 2025, to shareholders of record as of March 31, 2025. Chief Executive Officer J. Chris Verenes stated the company is pleased to provide this additional payment to shareholders.
The company emphasized that this is a special dividend, and the payment and amount of future dividends will be determined by the Board's assessment of the company's financial condition, earnings, and capital requirements.
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