Security Federal Corporation announced an increase in its quarterly cash dividend to $0.15 per share. This new dividend represents an increase of $0.01, or 7.1%, over the previous regular quarterly dividend.
The increased dividend will be paid on or about March 15, 2025, to shareholders of record as of February 28, 2025. This marks the one hundred thirty-seventh consecutive quarterly dividend paid by the company since its conversion in October 1987.
The Board of Directors declared this dividend increase as a direct result of the Bank's continued profitability. This action demonstrates the company's commitment to returning value to its shareholders.
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