SSB SOUTH STATE dividend history, payout ratio & dates
SOUTH STATE's latest cash dividend of $0.54 per share was issued to shareholders on record before Nov 8, 2024. The dividend distribution stands at $2.12 per share annually, which comes to a dividend yield of 2.12%.
Key dates
- SSB last dividend date: Nov 8, 2024
SSB dividend stats
vs. Financial Services sector
Dividend yield
SSB has a dividend yield of 2.12% which is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 2.77%, SOUTH STATE's dividend yield is 23% lower. Historically SSB's dividend yield has averaged at 2.6% in the last 5 years, which is above the current yield.
Dividend history
SOUTH STATE has been paying dividends for the last 27 years. Our records show that SSB has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 3.9% since twelve months ago. However with the price of the stock up by 18% from a year ago, the dividend yield has a decrease of 11%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Nov 8, 2024 | $0.54 | 1.96% |
| Aug 9, 2024 | $0.54 | 2.38% |
| May 9, 2024 | $0.52 | 2.58% |
| Feb 8, 2024 | $0.52 | 2.58% |
| Nov 9, 2023 | $0.52 | 2.98% |
| Aug 10, 2023 | $0.52 | 2.67% |
| May 11, 2023 | $0.5 | 3.29% |
| Feb 9, 2023 | $0.5 | 2.52% |
| Nov 9, 2022 | $0.5 | 2.24% |
| Aug 11, 2022 | $0.5 | 2.36% |
| May 12, 2022 | $0.49 | 2.63% |
| Feb 10, 2022 | $0.49 | 2.21% |
| Nov 10, 2021 | $0.49 | 2.31% |
| Aug 11, 2021 | $0.49 | 2.64% |
| May 13, 2021 | $0.47 | 2.11% |
| Feb 11, 2021 | $0.47 | 2.39% |
| Nov 12, 2020 | $0.47 | 2.79% |
| Aug 13, 2020 | $0.47 | 3.12% |
| May 7, 2020 | $0.47 | 3.6% |
| Feb 6, 2020 | $0.47 | 2.19% |
| Nov 7, 2019 | $0.46 | 2.04% |
| Aug 8, 2019 | $0.43 | 2.06% |
| May 9, 2019 | $0.4 | 2.02% |
| Feb 14, 2019 | $0.38 | 2.17% |
| Nov 8, 2018 | $0.36 | 1.96% |
| Aug 16, 2018 | $0.35 | 1.62% |
| May 10, 2018 | $0.34 | 1.5% |
| Feb 8, 2018 | $0.33 | 1.57% |
| Nov 9, 2017 | $0.33 | 1.53% |
| Aug 9, 2017 | $0.33 | 1.58% |
| May 10, 2017 | $0.33 | 1.47% |
| Feb 15, 2017 | $0.33 | 1.41% |
| Nov 8, 2016 | $0.32 | 1.68% |
| Aug 10, 2016 | $0.31 | 1.6% |
| May 11, 2016 | $0.3 | 1.59% |
| Feb 10, 2016 | $0.28 | 1.68% |
| Nov 10, 2015 | $0.26 | 1.23% |
| Aug 12, 2015 | $0.25 | 1.24% |
| May 20, 2015 | $0.24 | 1.23% |
| Feb 11, 2015 | $0.23 | 1.35% |
SOUTH STATE dividend payout ratio
Payout ratio
SSB has a payout ratio of 32.5% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 44.2%, SOUTH STATE's payout ratio is 26% lower.
Total amount of dividends paid per financial year (from cash flow)
SSB dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FFIC Flushing Financial Corp | 6.17% | $0.88 | 101.1% |
| BUSE First Busey Corp | 3.98% | $0.96 | 48.7% |
| GBCI Glacier Bancorp Inc | 2.62% | $1.32 | 81.5% |
| BHLB Berkshire Hills Bancorp Inc | 2.52% | $0.72 | 75% |
| SSB SOUTH STATE Corp | 2.12% | $2.12 | 32.5% |
Frequently asked questions
Does SOUTH STATE pay a dividend?
Yes, SOUTH STATE has paid four dividends in the last twelve months. SSB has been paying dividends since 1997.
When was SSB's last dividend?
SOUTH STATE's last dividend ex-date was on Nov 8, 2024. The dividend amount was $0.54 per share.
How much dividend does SOUTH STATE pay (per share)?
SSB has paid dividend of $2.12 per share in the last year.
What is SOUTH STATE's dividend yield?
SOUTH STATE's current dividend yield is 2.12%.
How often does SOUTH STATE pay dividends?
SOUTH STATE pays dividends quarterly.
What is SOUTH STATE's dividend payout ratio?
SOUTH STATE's dividend payout ratio is 32.5%.
Does SOUTH STATE pay a good dividend?
SOUTH STATE's dividend yield is below the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.