Security Federal Corporation announces special dividend

Security Federal Corporation (“Company”) (OTCBB: SFDL), the parent company of Security Federal Bank (“Bank”), today announced that its Board of Directors has declared a special cash dividend of $0.28 per share. The dividend will be paid on April 15, 2022 to shareholders of record as of March 31, 2022.

Chief Executive Officer J. Chris Verenes, commented that, “Due to our continued profitability, we are very pleased to provide this payment to our shareholders. This is a special dividend and the payment and amount of future dividends will be predicated on the Board’s assessment of the financial condition, earnings and capital requirements of the Company.”

Security Federal Bank has seventeen full-service branch locations in Aiken, Ballentine, Clearwater, Columbia, Graniteville, Langley, Lexington, North Augusta, Ridge Spring, Wagener and West Columbia, South Carolina and Evans and Augusta, Georgia. A full range of financial services, including trust and investments, are provided by the Bank, and insurance services are provided by the Bank’s wholly-owned subsidiary, Security Federal Insurance, Inc.

Security Federal Corporation common stock is traded on the Over-the-Counter Bulletin Board under the symbol SFDL.