January 26, 2010 (FinancialWire) — Citizens South Banking Corp.’s (NASDAQ: CSBC) board of directors has declared a cash dividend of four cents per share of common stock. The dividend will be payable to stockholders of record as of February 1, 2010, and will be paid on February 15, 2010.

The company has paid cash dividends in each of the 47 quarters since its conversion to public ownership.

North Carolina-based Citizens South Banking is the parent corporation for Citizens South Bank, which has 16 full-service banking offices located in the Charlotte, North Carolina region.

At December 31, 2009, the company posted consolidated assets of $792 million, outstanding loans of $610 million, total deposits of $609 million and stockholders’ equity of $72 million.

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