Severn Bancorp, Inc. (NASDAQ:SVBI) Announces $0.04 Quarterly Dividend

Severn Bancorp, Inc. (NASDAQ:SVBI) announced a quarterly dividend on Tuesday, November 26th, Fidelity reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.04 per share by the bank on Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend is Thursday, December 5th.

NASDAQ:SVBI traded down $0.08 during trading hours on Tuesday, reaching $8.86. 141 shares of the company traded hands, compared to its average volume of 18,517. Severn Bancorp has a 1-year low of $7.22 and a 1-year high of $9.94. The stock has a market cap of $114.01 million, a P/E ratio of 11.71 and a beta of 0.88. The firm’s 50-day moving average is $8.41 and its 200-day moving average is $8.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.13 and a quick ratio of 1.10.

Separately, ValuEngine raised Severn Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

Severn Bancorp Company Profile

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.

Read More: How can investors find ex-dividend dates?

Dividend History for Severn Bancorp (NASDAQ:SVBI)

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