Security Federal increases its quarterly payout to $0.16, marking a 6.7% rise from the previous $0.15 dividend.
Security Federal announced a 6.7% increase in its quarterly dividend to $0.16 per share, up from $0.15. The move reflects the company’s ongoing commitment to returning value to shareholders amid stable financial performance.
The prior dividend of $0.15 had been consistent in recent quarters, with the new payout yielding 1.73% on a forward basis. The dividend is payable June 15 to shareholders of record as of May 31, with an ex-dividend date of May 28.
No immediate market reaction was disclosed in the announcement.