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SBSI Southside Bancshares dividend history, payout ratio & dates

Southside Bancshares's latest quarterly cash dividend of $0.36 per share was issued to shareholders on record before Feb 14, 2024. At an annualized rate of $1.41 per share, the stock yields 5%. The latest SBSI dividend of $0.36 is an increase from the previous $0.35 payout, representing a growth of 2.9%.

Key dates

  • SBSI last dividend date: Feb 14, 2024
  • SBSI next dividend date: Not announced
SBSI dividend stats
DPS
$1.41
Dividend yield
5%
Payout ratio
50%
vs. Financial Services sector
Dividend yield
3.45%
Payout ratio
39.5%

Dividend yield

What is Southside Bancshares current dividend yield

Southside Bancshares's dividend yield of 5% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 3.45%, Southside Bancshares's dividend yield is 45% higher. The current dividend yield is above the historical average of 3.8% of the last 5 years.

Dividend history

What is SBSI dividend payout history and dates

Southside Bancshares has been paying dividends for the last 26 years. Our records show that SBSI has distributed five dividends in the past year. This includes four regular and one special dividends. The annualized dividend per share has an increase of 2.9% since twelve months ago. And with the price of the stock down by 15% from a year ago, the dividend yield has an increase of 20%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 14, 2024 Feb 29, 2024 Feb 1, 2024 $0.36 normal
Nov 21, 2023 Dec 7, 2023 Nov 2, 2023 $0.02 special
Nov 21, 2023 Dec 7, 2023 Nov 2, 2023 $0.35 normal
Aug 16, 2023 Sep 1, 2023 Aug 3, 2023 $0.35 normal
May 22, 2023 Jun 6, 2023 May 4, 2023 $0.35 normal
Feb 15, 2023 Mar 2, 2023 Feb 2, 2023 $0.35 normal
Nov 22, 2022 Dec 8, 2022 Nov 3, 2022 $0.34 normal
Nov 22, 2022 Dec 8, 2022 Nov 3, 2022 $0.04 special
Aug 17, 2022 Sep 1, 2022 Aug 4, 2022 $0.34 normal
May 18, 2022 Jun 2, 2022 May 5, 2022 $0.34 normal
Feb 16, 2022 Mar 3, 2022 Feb 3, 2022 $0.34 normal
Nov 23, 2021 Dec 9, 2021 Nov 4, 2021 $0.06 special
Nov 23, 2021 Dec 9, 2021 Nov 4, 2021 $0.33 normal
Aug 18, 2021 Sep 2, 2021 Aug 5, 2021 $0.33 normal
May 19, 2021 Jun 3, 2021 May 6, 2021 $0.33 normal
Feb 17, 2021 Mar 4, 2021 Feb 4, 2021 $0.32 normal
Nov 24, 2020 Dec 10, 2020 Nov 10, 2020 $0.05 special
Nov 24, 2020 Dec 10, 2020 Nov 10, 2020 $0.32 normal
Aug 19, 2020 Sep 3, 2020 Aug 6, 2020 $0.31 normal
May 20, 2020 Jun 4, 2020 May 7, 2020 $0.31 normal
Feb 19, 2020 Mar 5, 2020 Feb 6, 2020 $0.31 normal
Nov 26, 2019 Dec 12, 2019 Nov 7, 2019 $0.03 special
Nov 26, 2019 Dec 12, 2019 Nov 7, 2019 $0.31 normal
Aug 21, 2019 Sep 5, 2019 Aug 8, 2019 $0.31 normal
May 22, 2019 Jun 6, 2019 May 9, 2019 $0.31 normal
Feb 20, 2019 Mar 7, 2019 Feb 7, 2019 $0.3 normal
Nov 20, 2018 Dec 6, 2018 Nov 8, 2018 $0.3 normal
Nov 20, 2018 Dec 6, 2018 Nov 8, 2018 $0.02 special
Aug 22, 2018 Sep 6, 2018 Aug 9, 2018 $0.3 normal
May 23, 2018 Jun 7, 2018 Apr 26, 2018 $0.3 normal
Feb 21, 2018 Mar 8, 2018 Feb 1, 2018 $0.28 normal
Nov 15, 2017 Nov 30, 2017 Nov 2, 2017 $0.28 normal
Nov 15, 2017 Nov 30, 2017 Nov 2, 2017 $0.02 normal
Aug 15, 2017 Aug 31, 2017 Aug 3, 2017 $0.28 normal
May 16, 2017 Jun 1, 2017 May 4, 2017 $0.273 normal
Feb 21, 2017 Mar 9, 2017 Feb 13, 2017 $0.244 normal
Nov 15, 2016 Dec 1, 2016 Nov 3, 2016 $0.049 special
Nov 15, 2016 Dec 1, 2016 Nov 3, 2016 $0.244 normal
Aug 16, 2016 Sep 1, 2016 Aug 4, 2016 $0.234 normal

Southside Bancshares dividend payout ratio

What is Southside Bancshares dividend payout ratio compared to the sector

Payout ratio

Southside Bancshares's payout ratio of 50% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 39.5%, Southside Bancshares's payout ratio is 27% higher.

Total amount of dividends paid per financial year (from cash flow)

SBSI dividend vs peer dividends

How does SBSI dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
SBSI Southside Bancshares Inc 5% $1.41 50%
IBTX Independent Bank Group Inc 3.65% $1.52 144.8%
PB Prosperity Bancshares Inc 3.65% $2.22 49.2%
CFR Cullen/Frost Bankers Inc 3.25% $3.63 39.8%
BOKF Bok Financial Corp 2.48% $2.18 27.2%
FFIN First Financial Bankshares Inc 2.4% $0.72 51.8%
IBOC International Bancshares Corp 2.37% $1.29 19.5%
APOG Apogee Enterprises Inc 1.67% $0.97 20.3%

Frequently asked questions

Does Southside Bancshares pay a dividend?

Yes, Southside Bancshares has paid five dividends in the last twelve months. SBSI has been paying dividends since 1998.

When is Southside Bancshares's next dividend?

At this point we don't have a record of SBSI's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2024.

When was SBSI's last dividend?

Southside Bancshares's last dividend ex-date was on Feb 14, 2024. The dividend amount was $0.36 per share.

How much dividend does Southside Bancshares pay (per share)?

SBSI has paid dividend of $1.41 per share in the last year.

What is Southside Bancshares's dividend yield?

Currently Southside Bancshares's dividend yield is 5%.

How often does Southside Bancshares pay dividends?

Southside Bancshares pays four dividends per year (excluding specials).

What is Southside Bancshares's dividend payout ratio?

The dividend payout ratio of Southside Bancshares is 50%.

Does Southside Bancshares pay a good dividend?

Southside Bancshares's dividend yield is above the Financial Services sector average.