SOUTH STATE's latest quarterly cash dividend of $0.5 per share was issued to shareholders on record before Aug 11, 2022. The dividend distribution stands at $1.97 per share annually, which comes to a dividend yield of 2.46%. The latest SSB dividend of $0.5 is an increase from the previous $0.49 payout, representing a growth of 2%.
SSB has a dividend yield of 2.46% which is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.89%, SOUTH STATE's dividend yield is 15% lower. Historically SSB's dividend yield has averaged at 2.2% in the last 5 years, which is below the current yield.
SOUTH STATE has been paying dividends for the last 25 years. Our records show that SSB has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 3.7% since twelve months ago. And with the price of the stock up by 3.7% from a year ago, the dividend yield has increased by 0%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 11, 2022 | Aug 19, 2022 | Jul 28, 2022 | $0.5 | normal |
| May 12, 2022 | May 20, 2022 | Apr 28, 2022 | $0.49 | normal |
| Feb 10, 2022 | Feb 18, 2022 | Jan 24, 2022 | $0.49 | normal |
| Nov 10, 2021 | Nov 19, 2021 | Oct 27, 2021 | $0.49 | normal |
| Aug 11, 2021 | Aug 19, 2021 | $0.49 | normal | |
| May 13, 2021 | May 21, 2021 | Apr 28, 2021 | $0.47 | normal |
| Feb 11, 2021 | Feb 19, 2021 | Jan 27, 2021 | $0.47 | normal |
| Nov 12, 2020 | Nov 20, 2020 | Oct 29, 2020 | $0.47 | normal |
| Aug 13, 2020 | Aug 21, 2020 | Jul 30, 2020 | $0.47 | normal |
| May 7, 2020 | May 15, 2020 | Apr 22, 2020 | $0.47 | normal |
| Feb 6, 2020 | Feb 14, 2020 | Jan 22, 2020 | $0.47 | normal |
| Nov 7, 2019 | Nov 15, 2019 | Oct 24, 2019 | $0.46 | normal |
| Aug 8, 2019 | Aug 16, 2019 | Jul 25, 2019 | $0.43 | normal |
| May 9, 2019 | May 17, 2019 | Apr 25, 2019 | $0.4 | normal |
| Feb 14, 2019 | Feb 22, 2019 | Jan 25, 2019 | $0.38 | normal |
| Nov 8, 2018 | Nov 16, 2018 | Oct 18, 2018 | $0.36 | normal |
| Aug 16, 2018 | Aug 24, 2018 | Jul 26, 2018 | $0.35 | normal |
| May 10, 2018 | May 18, 2018 | Apr 19, 2018 | $0.34 | normal |
| Feb 8, 2018 | Feb 16, 2018 | Jan 18, 2018 | $0.33 | normal |
| Nov 9, 2017 | Nov 17, 2017 | Oct 18, 2017 | $0.33 | normal |
| Aug 9, 2017 | Aug 18, 2017 | Jul 20, 2017 | $0.33 | normal |
| May 10, 2017 | May 19, 2017 | Apr 20, 2017 | $0.33 | normal |
| Feb 15, 2017 | Feb 24, 2017 | Jan 26, 2017 | $0.33 | normal |
| Nov 8, 2016 | Nov 18, 2016 | Oct 21, 2016 | $0.32 | normal |
| Aug 10, 2016 | Aug 19, 2016 | Jul 21, 2016 | $0.31 | normal |
| May 11, 2016 | May 20, 2016 | Apr 21, 2016 | $0.3 | normal |
SSB has a payout ratio of 31.4% which is higher than the Financial Services sector and the industry average but lower than its peers average. But if we consider the Financial Services sector average of 30.2%, SOUTH STATE's payout ratio is only 4% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FFIC Flushing Financial Corp | 4.3% | $0.87 | 31.4% |
| BUSE First Busey Corp | 3.93% | $0.92 | 44.9% |
| SSB SOUTH STATE Corp | 2.36% | $1.97 | 31.4% |
| BHLB Berkshire Hills Bancorp Inc | 1.68% | $0.48 | 18% |
Yes, SOUTH STATE has paid four dividends in the last twelve months. SSB has been paying dividends since 1997.
At this point we don't have a record of SSB's next dividend date, but based on the current dividend schedule we project that it will likely be in November 2022.
SOUTH STATE's last dividend ex-date was on Aug 11, 2022. The dividend amount was $0.5 per share.
SSB has paid dividend of $1.97 per share in the last year.
SOUTH STATE's current dividend yield is 2.46%.
SOUTH STATE pays dividends quarterly.
SOUTH STATE's dividend payout ratio is 31.4%.
SOUTH STATE's dividend yield is below the Financial Services sector average.