Severn Bancorp, Inc. (SVBI) Declares Quarterly Dividend of $0.03

Severn Bancorp, Inc. (NASDAQ:SVBI) announced a quarterly dividend on Wednesday, November 28th, Wall Street Journal reports. Shareholders of record on Friday, December 7th will be paid a dividend of 0.03 per share by the bank on Wednesday, December 19th. This represents a $0.12 annualized dividend and a yield of 1.33%. The ex-dividend date is Thursday, December 6th.

Shares of NASDAQ:SVBI opened at $9.05 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.12 and a debt-to-equity ratio of 0.98. Severn Bancorp has a one year low of $6.85 and a one year high of $9.86. The stock has a market cap of $114.49 million, a price-to-earnings ratio of 15.25 and a beta of 0.81.

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About Severn Bancorp

Severn Bancorp, Inc operates as the holding company for Severn Savings Bank, FSB that provides a range of personal and commercial banking products and services in Maryland, Delaware, and Virginia. The company's deposit products include checking, savings, money market, time deposit, and individual retirement accounts.

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