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Hamilton State Bancshares to pay $50M special dividend

The board of Hamilton State Bancshares Inc. on March 22 approved a special cash dividend of $50 million, or an estimated $1.24 per share.

The dividend is payable April 25 to shareholders of record as of April 6, according to a March 29 press release.

The Hoschton, Ga.-based company operates Hamilton State Bank.