Southwest Georgia Financial Corporation Increases Quarterly Cash Dividend 25%
Press release from the issuing company
Friday, February 27th, 2015
Southwest Georgia Financial Corporation, the parent company of Southwest Georgia Bank, announced that its Board of Directors, at its meeting yesterday, declared a quarterly cash dividend of $0.10 per common share, a 25% increase compared with $0.08 per common share paid each quarter last year. The dividend is payable March 19, 2015 to shareholders of record on March 9, 2015.
“The increase in our dividend reflects our continued growth and strong financial performance and commitment to deliver more cash to our shareholders,” commented DeWitt Drew, President and CEO. “We have increased the dividend 150% since reinstituting quarterly dividends in 2012, while continuing to invest in products and services that add value for our customers.”
The Company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 87 consecutive years.