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Anchor Financial Corp. Announces Quarterly Cash Dividend.


MYRTLE BEACH, S.C.--(BUSINESS WIRE)--Jan. 11, 1999--Anchor Financial Corporation today announced that the quarterly cash dividend would increase 16.7% to $0.14 per share, from $0.12 per share.

The dividend is payable on February 1, 1999, to shareholders of record on January 22, 1999. This is the first quarterly cash dividend paid in 1999 and the eleventh increase in as many years.

Anchor Financial Corporation has assets of $1.0 billion and operates 28 banking offices in the South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures


Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15.
 and North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures


Area, 52,586 sq mi (136,198 sq km). Pop.
. The Corporation also has a pending merger with Bailey Financial Corporation, which has assets of $172 million.

Anchor Financial Corp.'s common stock trades on The Nasdaq Stock Market Nasdaq stock market

The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies.
 under the symbol AFSC AFSC American Friends Service Committee
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AFSC Air Force Specialty Code
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AFSC Armed Forces Services Corporation
AFSC Army Field Support Command
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COPYRIGHT 1999 Business Wire
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1U5SC
Date:Jan 11, 1999
Words:120
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