First South Bancorp, Inc. Approves Cash Dividend of $.09

First South Bancorp, Inc. (FSBK) announced that on September 23, 2010 the co.’s Board of Directors decided to distribute a quarterly cash dividends among all its shareholders for the quarter ended September 30, 2010 of $0.09 per share, payable October 28, 2010 to stockholders of record as of October 4, 2010.

First South said in a statement that the dividend payment, whose annual cash rate is $0.36 per share, is its 54th consecutive quarterly cash dividend.

First South Bancorp. operates as the bank holding company for First South Bank that provides commercial banking products and services in the state of  North Carolina.

At last check, FSBK shares were down fractionally at $10.46.

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