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SSBK Southern States Bancshares dividend history, payout ratio & dates

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 1.41%.

Key dates

  • SSBK last dividend date: May 2, 2024
  • SSBK next dividend date: Not announced
SSBK dividend stats
DPS
$0.36
Dividend yield
1.41%
Payout ratio
9.8%
vs. Financial Services sector
Dividend yield
3.5%
Payout ratio
40.9%

Dividend yield

What is Southern States Bancshares current dividend yield

SSBK has a dividend yield of 1.41% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3.5%, Southern States Bancshares's dividend yield is 60% lower.

Dividend history

What is SSBK dividend payout history and dates

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 20% from a year ago, the dividend yield has decreased by 16%.

Recent dividends

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

Southern States Bancshares dividend payout ratio

What is Southern States Bancshares dividend payout ratio compared to the sector

Payout ratio

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 40.9%, Southern States Bancshares's payout ratio is 76% lower.

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

SSBK dividend vs peer dividends

How does SSBK dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
NKSH National Bankshares Inc 5.3% $1.51 66.8%
NRIM Northrim Bancorp Inc 4.43% $2.42 46.8%
SSBK Southern States Bancshares Inc 1.41% $0.36 9.8%

Frequently asked questions

Does Southern States Bancshares pay a dividend?

Yes, Southern States Bancshares has been paying dividends for the last three years.

When is Southern States Bancshares's next dividend?

SSBK hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in August 2024.

When was SSBK's last dividend?

Southern States Bancshares's last regular dividend was on May 2, 2024 (ex-date) with the amount of $0.09 per share.

How much dividend does Southern States Bancshares pay (per share)?

SSBK's annualized dividend per share is $0.36.

What is Southern States Bancshares's dividend yield?

Southern States Bancshares's current dividend yield is 1.41%.

How often does Southern States Bancshares pay dividends?

Southern States Bancshares has a quarterly dividend frequency.

What is Southern States Bancshares's dividend payout ratio?

The dividend payout ratio of Southern States Bancshares is 9.8%.

Does Southern States Bancshares pay a good dividend?

Southern States Bancshares's dividend yield is lower than the Financial Services sector average.