SOURCE: Southern Community Financial Corporation

April 26, 2007 08:30 ET

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

WINSTON-SALEM, NC -- (MARKET WIRE) -- April 26, 2007 -- Southern Community Financial Corporation (NASDAQ: SCMF) (NASDAQ: SCMFO) announced that its Board of Directors, at its regular meeting on April 18, 2007, declared a quarterly cash dividend of four cents ($0.04) per share on the Corporation's common stock. The dividend is payable on June 1, 2007 to shareholders of record as of the close of business on May 15, 2007. This dividend represents an increase of 14.3% over the previous quarterly dividends of $0.035 per share. This is the Corporation's ninth 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

    David Hinshaw
    CFO
    336-768-8500