Southern BancShares (N.C.), Inc., through its subsidiary Southern Bank and Trust Company, provides commercial banking services to consumers and businesses in North Carolina and Virginia. It provides checking, savings, money market, and individual retirement accounts, as well as certificates of deposit; personal loans, which include cash reserve, vehicle leasing, home equity line, credit card, and automotive loan products; mortgage loans; and business loans, such as business leasing, reserve plus, merchant accounts, and business credit cards, as well as construction, commercial, and agriculture loan products. The company also offers treasury, online and mobile banking services, night deposit services, cashier's checks, investment and brokerage services, ATM/Visa check cards, cell phone protection services, wire transfers, and safe deposit boxes. It operates through a network of approximately 60 offices in North Carolina and Virginia. Southern BancShares (N.C.), Inc. was founded in 1901 and is headquartered in Mount Olive, North Carolina.
Southern BancShares Dividend Announcement
• Southern BancShares announced a quarterly dividend of $6.25 per ordinary share which will be made payable on 2024-12-13. Ex dividend date: 2024-11-29
• Southern BancShares annual dividend for 2024 was $25.00
• Southern BancShares annual dividend for 2023 was $25.00
• Southern BancShares's trailing twelve-month (TTM) dividend yield is 0.39%
• Southern BancShares's dividend growth over the last five years (2018-2023) was 37.97% year
Southern BancShares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-29 | $6.25 | quarterly | 2024-12-13 |
2024-08-30 | $6.25 | quarterly | 2024-09-13 |
2024-05-31 | $6.25 | quarterly | 2024-06-14 |
2024-02-29 | $6.25 | quarterly | 2024-03-15 |
2023-11-30 | $6.25 | quarterly | 2023-12-15 |
2023-08-31 | $6.25 | quarterly | 2023-09-15 |
2023-05-31 | $6.25 | quarterly | 2023-06-15 |
2023-02-28 | $6.25 | quarterly | 2023-03-15 |
2022-11-30 | $6.25 | quarterly | 2022-12-15 |
2022-08-31 | $6.25 | quarterly | 2022-09-15 |
2022-05-31 | $6.25 | quarterly | 2022-06-15 |
2022-02-28 | $6.25 | quarterly | 2022-03-15 |
2021-08-31 | $5.00 | quarterly | 2021-09-15 |
2021-05-28 | $5.00 | quarterly | 2021-06-15 |
2021-02-26 | $5.00 | quarterly | 2021-03-15 |
2020-11-30 | $3.75 | quarterly | 2020-12-15 |
2020-08-31 | $3.75 | quarterly | 2020-09-15 |
2020-05-29 | $3.75 | quarterly | 2020-06-15 |
2020-02-27 | $3.75 | quarterly | 2020-03-13 |
2019-11-27 | $2.50 | quarterly | 2019-12-13 |
2019-08-29 | $2.50 | quarterly | 2019-09-13 |
2019-05-30 | $2.50 | quarterly | 2019-06-14 |
2019-02-28 | $2.50 | quarterly | 2019-03-15 |
2018-11-29 | $1.25 | quarterly | 2018-12-14 |
2018-08-30 | $1.25 | quarterly | 2018-09-14 |
2018-05-31 | $1.25 | quarterly | 2018-06-15 |
2018-02-28 | $1.25 | quarterly | 2018-03-15 |
2017-11-30 | $0.40 | quarterly | 2017-12-15 |
2017-08-30 | $0.40 | quarterly | 2017-09-15 |
2017-05-30 | $0.40 | quarterly | 2017-06-15 |
2017-02-27 | $0.40 | quarterly | 2017-03-15 |
Southern BancShares Dividend per year
Southern BancShares Dividend growth
Southern BancShares Dividend Yield
Southern BancShares current trailing twelve-month (TTM) dividend yield is 0.39%. Interested in purchasing Southern BancShares stock? Use our calculator to estimate your expected dividend yield:
Southern BancShares Financial Ratios
Southern BancShares Dividend FAQ
Other factors to consider when evaluating Southern BancShares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Southern BancShares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Southern BancShares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Southern BancShares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Southern BancShares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Southern BancShares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Southern BancShares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Southern BancShares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Southern BancShares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Southern BancShares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.