By the close of today, February 16, 2024, SouthState SSB will issue a dividend payout of $0.52 per share, resulting in an annualized dividend yield of 2.52%. Only those investors who owned the stock prior to the ex-dividend date on February 08, 2024 will receive this payout.
SouthState Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-08 | 4 | $0.52 | 2.52% | 2024-01-25 | 2024-02-09 | 2024-02-16 |
| 2023-11-09 | 4 | $0.52 | 3.22% | 2023-10-25 | 2023-11-10 | 2023-11-17 |
| 2023-08-10 | 4 | $0.52 | 2.66% | 2023-07-27 | 2023-08-11 | 2023-08-18 |
| 2023-05-11 | 4 | $0.5 | 3.04% | 2023-04-27 | 2023-05-12 | 2023-05-19 |
| 2023-02-09 | 4 | $0.5 | 2.61% | 2023-01-26 | 2023-02-10 | 2023-02-17 |
| 2022-11-09 | 4 | $0.5 | 2.35% | 2022-10-24 | 2022-11-11 | 2022-11-18 |
| 2022-08-11 | 4 | $0.5 | 2.4% | 2022-07-28 | 2022-08-12 | 2022-08-19 |
| 2022-05-12 | 4 | $0.49 | 2.58% | 2022-04-28 | 2022-05-13 | 2022-05-20 |
| 2022-02-10 | 4 | $0.49 | 2.37% | 2022-01-24 | 2022-02-11 | 2022-02-18 |
| 2021-11-10 | 4 | $0.49 | 2.53% | 2021-10-27 | 2021-11-12 | 2021-11-19 |
| 2021-08-11 | 4 | $0.49 | 2.81% | 2021-07-28 | 2021-08-12 | 2021-08-19 |
| 2021-05-13 | 4 | $0.47 | 2.24% | 2021-04-28 | 2021-05-14 | 2021-05-21 |
With a dividend yield that places it neither at the top nor the bottom, SouthState finds itself in the middle among its industry peers, while Truist Finl TFC boasts the highest annualized dividend yield at 5.73%.
Analyzing SouthState Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $1.88 to $2.04, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For SouthState
Investors can observe a growth in earnings for SouthState from 2020 to 2023, as earnings per share increased from $4.77 to $7.08. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we delve into SouthState's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.52 per share today, resulting in an annualized dividend yield of 2.52%.
With a dividend yield that places it neither at the top nor the bottom, SouthState finds itself in the middle among its industry peers, while Truist Finl boasts the highest annualized dividend yield at 5.73%.
Given that SouthState has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[See current stock movements SouthState on Benzinga.](https://www.benzinga.com/quote/SouthState (NYSE: SSB))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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