Anchor Financial Corporation Announces 33.33% Increase in Quarterly Cash Dividend.MYRTLE BEACH, S.C.--(BUSINESS WIRE)--Jan. 13, 1997-- Robust Performance Again Fuels Increase Anchor Financial Corporation today announced that the quarterly cash dividend would increase 33.33% to $0.14 per share, from $0.105 per share. The dividend is payable on Jan. 31, 1997, to shareholders of record on Jan. 24, 1997. This is the first quarterly cash dividend paid in 1997 and the ninth increase in as many years. Stephen Stephen, 1097?–1154, king of England (1135–54). The son of Stephen, count of Blois and Chartres, and Adela, daughter of William I of England, he was brought up by his uncle, Henry I of England, who presented him with estates in England and France and L. Chryst, president and chief executive officer of Anchor Financial Corporation and The Anchor Bank, made the announcement. He said, "The consistent increase in the dividend during the past nine years reflects the Corporation's continued strong performance. This success has been fueled by the bank's branch network, with strong growth not only in our home base of Myrtle Beach, but in new markets including Hilton Head Island Hilton Head Island An island off the southern coast of South Carolina in the Sea Islands of the Atlantic Ocean. It is a popular tourist resort. The town of Hilton Head Island, on the northeast coast, has a population of 35,200. , Mt. Pleasant, and southeastern 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 ability to post record earnings while absorbing dynamic growth is an outstanding characteristic that reflects the Corporation's operating strength and positions it well to take advantage of future opportunity along the Carolina Carolina (kärōlē`nä), city (1990 pop. 177,806), Puerto Rico. Located 7 mi (11 km) SE of San Juan, it is a residential suburb of the capital, as well as a commercial and industrial center. coast." Anchor Financial Corporation, with assets of $493.6 million, is the parent of The Anchor Bank which operates eighteen banking offices along the Carolina coast. The Anchor Bank offers a full line of banking products and services. Anchor Financial Corporation's common stock trades on the Nasdaq National Market under the symbol AFSC AFSC American Friends Service Committee AFSC Alaska Fisheries Science Center AFSC Air Force Systems Command AFSC Air Force Specialty Code AFSC Air Force Space Command AFSC Armed Forces Services Corporation AFSC Army Field Support Command . Market makers include J.C. Bradford, Interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. Johnson/Lane, Monroe Securities, Robinson-Humphrey, Sterne, Agee, & Leach, and Wheat First Securities. CONTACT: Anchor Financial Corporation Barbara W. Marshall, 803/626-5611 |
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