Southwest Georgia Financial Corporation Increases Quarterly Cash Dividend 9%
Staff Report From Valdosta CEO
Thursday, May 24th, 2018
Southwest Georgia Financial Corporation, a full-service community bank holding company, announced that its Board of Directors declared a quarterly cash dividend of $0.12 per common share, an increase of $0.01, or 9%, from the previous dividend paid in March 2018. The dividend is payable June 15, 2018 to shareholders of record on June 5, 2018. 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 90 consecutive years.
The Company also announced the results of shareholder voting that took place during the 2018 annual meeting.
The shareholders reelected, for one-year terms to the Board of Directors, Cecil H. Barber, John J. Cole, Jr., DeWitt Drew, Richard L. Moss, Roy H. Reeves, Johnny R. Slocumb, M. Lane Wear and Marcus R. Wells. Shareholders also voted to approve the advisory “say on pay” resolution, supporting the compensation plan for the executive officers. Additionally, shareholders voted to ratify the appointment of TJS Deemer Dana LLP as independent auditors for the fiscal year 2018.