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.

See Also: Fundamental Analysis and Individual Investors

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