SouthState Bank Corporation (SSB) to Distribute Quarterly Dividend of $0.66 on August 14th

SouthState Bank Corporation (NYSE:SSB) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 7th will be paid a dividend of 0.66 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, August 7th. This is a 10.0% increase from SouthState Bank’s previous quarterly dividend of $0.60.

SouthState Bank has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 13 consecutive years.

SouthState Bank Stock Performance

NYSE SSB opened at $109.29 on Wednesday. SouthState Bank has a 1-year low of $84.47 and a 1-year high of $109.80. The stock has a market capitalization of $10.67 billion, a PE ratio of 11.49 and a beta of 0.71. The business has a 50 day simple moving average of $99.72 and a two-hundred day simple moving average of $98.22. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.94 and a quick ratio of 0.93.

SouthState Bank (NYSE:SSB) last announced its earnings results on Thursday, July 23rd. The company reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.31 by $0.04. The firm had revenue of $672.67 million for the quarter, compared to analysts’ expectations of $676.83 million. SouthState Bank had a net margin of 25.09% and a return on equity of 10.67%. During the same period in the prior year, the company earned $2.30 EPS. On average, research analysts predict that SouthState Bank will post 9.51 EPS for the current fiscal year.

SouthState Bank Company Profile

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.