Back to SSB overview

SSB SOUTH STATE dividend history, payout ratio & dates

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%.

Key dates

  • SSB last dividend date: Aug 11, 2022
  • SSB next dividend date: Not announced
SSB dividend stats
DPS
$1.97
Dividend yield
2.36%
Payout ratio
31.4%
vs. Financial Services sector
Dividend yield
2.89%
Payout ratio
30.2%

Dividend yield

What is SOUTH STATE current dividend yield

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.

Dividend history

What is SSB dividend payout history and dates

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%.

Recent dividends

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

SOUTH STATE dividend payout ratio

What is SOUTH STATE dividend payout ratio compared to the sector

Payout ratio

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.

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

SSB dividend vs peer dividends

How does SSB dividend compare to its peers' dividends
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%

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 is SOUTH STATE's next dividend?

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.

When was SSB's last dividend?

SOUTH STATE's last dividend ex-date was on Aug 11, 2022. The dividend amount was $0.5 per share.

How much dividend does SOUTH STATE pay (per share)?

SSB has paid dividend of $1.97 per share in the last year.

What is SOUTH STATE's dividend yield?

SOUTH STATE's current dividend yield is 2.46%.

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 31.4%.

Does SOUTH STATE pay a good dividend?

SOUTH STATE's dividend yield is below the Financial Services sector average.