As the day concludes, SouthState SSB is preparing to distribute a dividend payout of $0.52 per share, resulting in an annualized dividend yield of 3.22%. This payout is exclusive to investors who held the stock before the ex-dividend date on November 09, 2023.
SouthState Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-02-11 | 4 | $0.47 | 2.42% | 2021-01-27 | 2021-02-12 | 2021-02-19 |
When comparing SouthState's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer New York Community NYCB having the highest annualized dividend yield at 7.50%.
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
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.24 in 2019 to $1.98 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For SouthState
From 2019 to 2022, SouthState experienced a growth in earnings per share, with an increase from $5.50 to $6.79. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we explore the recent dividend payout of SouthState and its significance for shareholders. The company has decided to distribute a dividend of $0.52 per share today, which equates to an annualized dividend yield of 3.22%.
When comparing SouthState's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer New York Community having the highest annualized dividend yield at 7.50%.
The upward trend in dividend per share and earnings per share for SouthState from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits 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.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
