CoastalSouth Raises Quarterly Dividend to $0.06 Per Share

CoastalSouth Bancshares, Inc. raised its quarterly dividend to $0.06 per share from $0.05 in the previous quarter, increasing its shareholder payout alongside stronger third-quarter earnings. The Atlanta-based parent of Coastal States Bank declared the dividend Oct. 19. The new rate is $0.01 per share above the previous quarterly payout. The increase accompanied third-quarter earnings that showed net income rising to $8.8 million from $6.7 million a year earlier. Shareholders of record at the close of business Nov. 10 are scheduled to receive the dividend Nov. 24. John Kim reports on the digital-asset business for TokenPost.

Source: TokenPost