Latest Breaking News On - Severn bank the - Page 1 : comparemela.com

Share this article Share this article ANNAPOLIS, Md., May 25, 2021 /PRNewswire/  Severn Bancorp, Inc. (the Company) (NASDAQ: SVBI), the parent company of Severn Bank (the Bank) announced that the Board of Directors declared a cash dividend to its shareholders. The cash dividend of five cents ($0.05) per share of common stock will be payable on June 15, 2021 to shareholders of record at the close of business on June 8, 2021. Alan J. Hyatt, President and Chief Executive Officer said,  We are glad to announce that the Company is able to pay another five cent ($.05) dividend this quarter based on our year to date earnings.  Severn remains committed to adding value for its shareholders and believes its prospects for success remains strong.

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