SOURCE: Southern Community Financial Corporation

October 26, 2006 08:05 ET

Southern Community Financial Corporation Announces Quarterly Cash Dividend of $0.035 per Share

WINSTON-SALEM, NC -- (MARKET WIRE) -- October 26, 2006 -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO) announced that its Board of Directors, at its regular meeting on October 18, 2006, declared a quarterly cash dividend of three and one-half cents ($0.035) per share on the Corporation's common stock. The dividend is payable on December 1, 2006 to shareholders of record as of the close of business on November 15, 2006. This is the Corporation's seventh 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-one banking offices 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

    David Hinshaw
    CFO
    336-768-8500