SSBK Southern States Bancshares dividend history, payout ratio & dates
Southern States Bancshares's most recent dividend of $0.09 per share was on Nov 1, 2024 (ex-date). The annualized payout of $0.36 per share represents a current dividend yield of 1.07%.
Key dates
- SSBK last dividend date: Nov 1, 2024
SSBK dividend stats
vs. Financial Services sector
Dividend yield
SSBK has a dividend yield of 1.07% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 2.82%, Southern States Bancshares's dividend yield is 62% lower.
Dividend history
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 14% from a year ago, the dividend yield has decreased by 12%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Nov 1, 2024 | $0.09 | 1.15% |
| 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% |
Southern States Bancshares dividend payout ratio
Payout ratio
SSBK has a payout ratio of 10% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 44.2%, Southern States Bancshares's payout ratio is 77% lower.
Total amount of dividends paid per financial year (from cash flow)
SSBK dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 5.16% | $1.51 | 103.4% |
| NRIM Northrim Bancorp Inc | 3.12% | $2.46 | 41.6% |
| SSBK Southern States Bancshares Inc | 1.05% | $0.36 | 10% |
Frequently asked questions
Does Southern States Bancshares pay a dividend?
Yes, Southern States Bancshares has been paying dividends for the last three years.
When was SSBK's last dividend?
Southern States Bancshares's last regular dividend was on Nov 1, 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 1.07%.
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 10%.
Does Southern States Bancshares pay a good dividend?
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.