SOURCE: Southern Community Financial Corporation

January 24, 2008 08:30 ET

Southern Community Financial Corporation Announces Quarterly Cash Dividend of $0.04 per Share

WINSTON-SALEM, NC--(Marketwire - January 24, 2008) - Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO) announced that its Board of Directors, at its regular meeting on January 23, 2008, declared a quarterly cash dividend of four cents ($0.04) per share on the Corporation's common stock. The dividend is payable on February 29, 2008 to shareholders of record as of the close of business on February 15, 2008. This is the Corporation's twelfth consecutive quarterly dividend, following its former practice of annual cash dividends.

About the Company

Southern Community Financial Corporation is headquartered in Winston-Salem, North Carolina and is the holding company of Southern Community Bank and Trust, a community bank with twenty-two branches throughout North Carolina. Southern Community Financial Corporation's common stock and trust preferred securities are listed on The NASDAQ Global Select Market under the trading symbols SCMF and SCMFO, respectively. Additional information about Southern Community is available on its website at www.smallenoughtocare.com or by email at investor.relations@smallenoughtocare.com.

Contact Information

  • For Additional Information:
    F. Scott Bauer, Chairman/CEO
    James C. Monroe, Jr., Senior Vice President/Interim Chief Financial Officer
    336-768-8500