Mid-Southern Bancorp, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on November 26, 2021
October 28, 2021 at 01:35 am IST
Share
Mid-Southern Bancorp, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.04 per share on the company?s outstanding common stock, an increase of 33% versus the prior quarterly dividend rate of $0.03 per share and the second increase announced during 2021. The cash dividend will be payable on November 26, 2021 to shareholders of record as of the close of business on November 12, 2021. The declaration and payment of future dividends to holders of the Company?s common stock will be at the discretion of the Board of Directors, and will depend upon many factors, including the Company?s financial condition, earnings, capital requirements of its businesses, legal requirements, regulatory constraints, industry practice, and other factors that the Board of Directors deems relevant.
Mid-Southern Bancorp, Inc. is the savings and loan holding company of Mid-Southern Savings Bank, FSB (the Bank). The Company's business activities are primarily conducted through Mid-Southern Savings Bank, a federally chartered savings bank. Mid-Southern Savings Bank conducts business from its main office in Salem and through its branch offices located in Mitchell and Orleans, Indiana and loan production offices located in New Albany, Indiana and Louisville, Kentucky. The Bank's business consists of originating one-to-four-family residential real estate mortgage loans, including home equity lines of credit, commercial and multi-family real estate, and construction loans. It also offers commercial business and other consumer loans. It offers a variety of retail deposits to the general public in the areas surrounding its main office and its branch offices.
MID-SOUTHERN BANCORP, INC. 
