CHARLESTON, S.C., Sept. 27, 2012 /PRNewswire/ -- The Board of Directors of Bank of South Carolina Corporation, (Nasdaq: BKSC) the parent Company for The Bank of South Carolina, declared a $.11 per share quarterly dividend payable October 31, 2012 to shareholders of record as of October 9, 2012. Fleetwood S. Hassell, President and Chief Executive Officer of The Bank of South Carolina, stated, "We are pleased with the Banks' 2012 performance to date and look forward to the fourth quarter to finish out the year. We have the finest customers, employees, and shareholders a bank could have and as a result have exceeded our profit expectations. Accordingly, we are happy to declare this $.11 per share quarterly dividend. For the benefit of our shareholders it is our intention to declare and pay our fourth quarter dividend in 2012." The Bank of South Carolina, a De Novo Charter, which opened in 1987 at 256 Meeting Street, has offices in Summerville, Mt. Pleasant, and the West Ashley community. Our website is www.banksc.com. Bank of South Carolina Corporation currently trades its common stock on the NASDAQ stock market under the symbol "BKSC". SOURCE Bank of South Carolina Corporation
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.