Southern States Bancshares's most recent quarterly dividend of $0.09 per share was on May 2, 2024 (ex-date). The annualized payout of $0.36 per share represents a current dividend yield of 1.09%.
SSBK has a dividend yield of 1.09% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 2.83%, Southern States Bancshares's dividend yield is 61% lower.
Southern States Bancshares has a history of paying dividends since 2021. Our records of SSBK show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone up by 33% from a year ago, the dividend yield has decreased by 25%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 2, 2024 | May 16, 2024 | Apr 17, 2024 | $0.09 | normal |
| Feb 1, 2024 | Feb 15, 2024 | Jan 17, 2024 | $0.09 | normal |
| Nov 2, 2023 | Nov 17, 2023 | Oct 19, 2023 | $0.09 | normal |
| Aug 2, 2023 | Aug 17, 2023 | Jul 20, 2023 | $0.09 | normal |
| May 2, 2023 | May 16, 2023 | Apr 20, 2023 | $0.09 | normal |
| Feb 2, 2023 | Feb 16, 2023 | Jan 19, 2023 | $0.09 | normal |
| Nov 2, 2022 | Nov 16, 2022 | Oct 19, 2022 | $0.09 | normal |
| Aug 3, 2022 | Aug 17, 2022 | Jul 20, 2022 | $0.09 | normal |
| May 3, 2022 | May 16, 2022 | Apr 20, 2022 | $0.09 | normal |
| Feb 2, 2022 | Feb 15, 2022 | Jan 19, 2022 | $0.09 | normal |
| Nov 2, 2021 | Nov 15, 2021 | Oct 20, 2021 | $0.09 | normal |
SSBK has a payout ratio of 9.8% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 41.2%, Southern States Bancshares's payout ratio is 76% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 4.75% | $1.51 | 66.8% |
| NRIM Northrim Bancorp Inc | 3.39% | $2.42 | 46.8% |
| SSBK Southern States Bancshares Inc | 1.09% | $0.36 | 9.8% |
| NIC Nicolet Bankshares Inc. | 0.99% | $1.03 | 15.5% |
Yes, Southern States Bancshares has been paying dividends for the last three years.
SSBK's next dividend date is Jul 31, 2024 (ex-date).
Southern States Bancshares's last regular dividend was on May 2, 2024 (ex-date) with the amount of $0.09 per share.
SSBK's annualized dividend per share is $0.36.
Southern States Bancshares's current dividend yield is 1.09%.
Southern States Bancshares has a quarterly dividend frequency.
The dividend payout ratio of Southern States Bancshares is 9.8%.
Southern States Bancshares's dividend yield is lower than the Financial Services sector average.