Community Bankshares Inc. -SC- Announces Fourth Quarter 2004 Cash Dividend.ORANGEBURG, S.C. -- Community Bankshares Inc., (AMEX AMEX See: American Stock Exchange : SCB ScB abbr. Latin Scientiae Baccalaureus (Bachelor of Science) ), announced that its Board of Directors has declared a quarterly cash dividend of $0.10 per share, payable December 31, 2004 to shareholders of record December 20, 2004. This is an 11% increase over the $.09 cents paid during the same quarter in 2003. Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. E. J. Ayers stated, "Community Bankshares has consistently increased its dividend year after year for the past ten years, and we are pleased to continue this trend in the four quarters of 2004. We adhere to a dividend policy based on a review of earnings, growth, capital and other factors that our board considers relevant. We also have considered the implications of the new tax law making dividends even more attractive for investors." Community Bankshares has a dividend reinvestment and additional stock purchase plan. Information on the plan may be obtained from Registrar and Transfer Company, the plan administrator, at 800-368-5948. Community Bankshares' common stock is traded on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors SCB. Community Bankshares Inc., based in Orangeburg, South Carolina Orangeburg, also known as "The Garden City," is the largest city and county seat of Orangeburg County, South Carolina, United States. The population was 12,765 at the 2000 census. The population has steadily declined since the 1950s. , is the holding company for Bank of Ridgeway A ridgeway is a road or path that follows the highest part of the landscape. Roads and pathways
This press release contains forward-looking statements. Investors are cautioned that all forward-looking statements involve risks and uncertainties, and several factors could cause actual results to differ materially from those in the forward-looking statements. Forward-looking statements relate to anticipated revenues, gross margins, earnings, expansion of mortgage services marketing, improvement of mortgage services efficiency, and growth of the market for our services and products. The following factors, among others, could cause actual results to differ from those indicated in the forward-looking statements: uncertainties associated with market acceptance of and demand for the company's services and products, impact of competitive products and pricing, dependence on third party suppliers, and uncertainties associated with the development of technology. Investors are directed to the company's 2003 annual report, which is available from the company without charge or from its website, www.communitybanksharesinc.com, for a more complete description of the company's business. |
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