Southern States Bancshares's most recent dividend of $0.09 per share was on Jul 31, 2024 (ex-date). The annualized payout of $0.36 per share represents a current dividend yield of 1.19%.
SSBK has a dividend yield of 1.19% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3%, Southern States Bancshares's dividend yield is 60% 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 35% from a year ago, the dividend yield has decreased by 25%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
Jul 31, 2024 | $0.09 | 1.1% |
May 2, 2024 | $0.09 | 1.41% |
Feb 1, 2024 | $0.09 | 1.37% |
Nov 2, 2023 | $0.09 | 1.55% |
Aug 2, 2023 | $0.09 | 1.44% |
May 2, 2023 | $0.09 | 1.76% |
Feb 2, 2023 | $0.09 | 1.24% |
Nov 2, 2022 | $0.09 | 1.24% |
Aug 3, 2022 | $0.09 | 1.55% |
May 3, 2022 | $0.09 | 1.17% |
Feb 2, 2022 | $0.09 | 0.86% |
Nov 2, 2021 | $0.09 | 0.45% |
SSBK has a payout ratio of 10.1% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 43.7%, Southern States Bancshares's payout ratio is 77% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
NKSH National Bankshares Inc | 5.19% | $1.51 | 97.4% |
NRIM Northrim Bancorp Inc | 3.73% | $2.44 | 41.9% |
SSBK Southern States Bancshares Inc | 1.19% | $0.36 | 10.1% |
Yes, Southern States Bancshares has been paying dividends for the last three years.
Southern States Bancshares's last regular dividend was on Jul 31, 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 1.19%.
Southern States Bancshares has a quarterly dividend frequency.
The dividend payout ratio of Southern States Bancshares is 10.1%.
Southern States Bancshares's dividend yield is lower than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.