Southwest Ga. Financial announces dividend

Published 9:08 pm Thursday, May 30, 2019

MOULTRIE, Ga. — Southwest Georgia Financial Corporation, a full-service community bank holding company, announced that its Board of Directors declared a quarterly cash dividend of $0.12 per common share. The dividend is payable June 20, 2019 to shareholders of record on June 10, 2019. The company has approximately 2.5 million shares of common stock outstanding. Southwest Georgia Financial Corporation or its predecessor, Southwest Georgia Bank, has paid cash dividends for 91 consecutive years.

The company also announced the results of shareholder voting that took place during the 2019 annual meeting.

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The shareholders reelected for one-year terms to the Board of Directors, Cecil H. Barber, John J. Cole Jr., DeWitt Drew, Richard L. Moss, Roy H. Reeves, Johnny R. Slocumb, M. Lane Wear and Marcus R. Wells.

Shareholders also voted to approve the advisory “say on pay” resolution, supporting the compensation plan for the executive officers, and approved a one year frequency of future advisory “say on pay” votes. Additionally, shareholders voted to ratify the appointment of TJS Deemer Dana LLP as independent auditors for the fiscal year 2019.