Southside Bancshares's latest quarterly cash dividend of $0.35 per share was issued to shareholders on record before Feb 15, 2023. At an annualized rate of $1.37 per share, the stock yields 4.01%. The latest SBSI dividend of $0.35 is an increase from the previous $0.34 payout, representing a growth of 2.9%.
Southside Bancshares's dividend yield of 4.01% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 3.28%, Southside Bancshares's dividend yield is 22% higher. The current dividend yield is above the historical average of 3.6% of the last 5 years.
Southside Bancshares has been paying dividends for the last 25 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 3% since twelve months ago. And with the price of the stock down by 17% from a year ago, the dividend yield has an increase of 24%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 15, 2023 | Mar 2, 2023 | Feb 2, 2023 | $0.35 | normal |
| Nov 22, 2022 | Dec 8, 2022 | Nov 3, 2022 | $0.04 | special |
| Nov 22, 2022 | Dec 8, 2022 | Nov 3, 2022 | $0.34 | normal |
| 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 | $0.33 | normal |
| Nov 23, 2021 | Dec 9, 2021 | Nov 4, 2021 | $0.06 | special |
| 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 | $0.32 | normal |
| Nov 24, 2020 | Dec 10, 2020 | Nov 10, 2020 | $0.05 | special |
| 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 | $0.02 | special |
| Nov 20, 2018 | Dec 6, 2018 | Nov 8, 2018 | $0.3 | normal |
| 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's payout ratio of 41.9% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 30.7%, Southside Bancshares's payout ratio is 36% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SBSI Southside Bancshares Inc | 4.01% | $1.37 | 41.9% |
| PB Prosperity Bancshares Inc | 3.4% | $2.11 | 36.8% |
| CFR Cullen/Frost Bankers Inc | 3.21% | $3.36 | 38% |
| IBTX Independent Bank Group Inc | 3.2% | $1.52 | 32.3% |
| IBOC International Bancshares Corp | 2.86% | $1.23 | 25.7% |
| BOKF Bok Financial Corp | 2.47% | $2.14 | 27.9% |
| APOG Apogee Enterprises Inc | 2.18% | $0.9 | 28.5% |
| FFIN First Financial Bankshares Inc | 2.08% | $0.66 | 40.2% |
Yes, Southside Bancshares has paid five dividends in the last twelve months. SBSI has been paying dividends since 1998.
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 2023.
Southside Bancshares's last dividend ex-date was on Feb 15, 2023. The dividend amount was $0.35 per share.
SBSI has paid dividend of $1.37 per share in the last year.
Currently Southside Bancshares's dividend yield is 4.01%.
Southside Bancshares pays four dividends per year (excluding specials).
The dividend payout ratio of Southside Bancshares is 41.9%.
Southside Bancshares's dividend yield is above the Financial Services sector average.