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Southern States Bancshares, Inc. operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. It offers various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits. The company also provides real estate loan products, which include loans for real estate construction and development, residential mortgages, and commercial real estate mortgage loans; commercial and industrial loans; and direct consumer installment loans, overdrafts, and other revolving credit loans. In addition, it offers online and mobile banking, and ATM services. The company operates 15 offices in Alabama and Georgia, as well as a loan production office in Atlanta, Georgia. Southern States Bancshares, Inc. was founded in 2007 and is headquartered in Anniston, Alabama.

Southern States Bancshares Dividend Announcement

Southern States Bancshares announced a quarterly dividend of $0.09 per ordinary share which will be made payable on 2024-11-15. Ex dividend date: 2024-11-01
Southern States Bancshares annual dividend for 2024 was $0.36
Southern States Bancshares annual dividend for 2023 was $0.36
Southern States Bancshares's trailing twelve-month (TTM) dividend yield is 1.44%
Southern States Bancshares's payout ratio for the trailing twelve months (TTM) is 9.86%

Southern States Bancshares Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-11-01$0.09quarterly2024-11-15
2024-07-31$0.09quarterly2024-08-12
2024-05-02$0.09quarterly2024-05-16
2024-02-01$0.09quarterly2024-02-15
2023-11-02$0.09quarterly2023-11-17
2023-08-02$0.09quarterly2023-08-17
2023-05-02$0.09quarterly2023-05-16
2023-02-02$0.09quarterly2023-02-16
2022-11-02$0.09quarterly2022-11-16
2022-08-03$0.09quarterly2022-08-17
2022-05-03$0.09quarterly2022-05-16
2022-02-02$0.09quarterly2022-02-15
2021-11-02$0.09quarterly2021-11-15

Southern States Bancshares Dividend per year

Southern States Bancshares Dividend growth

Southern States Bancshares Dividend Yield

Southern States Bancshares current trailing twelve-month (TTM) dividend yield is 1.44%. Interested in purchasing Southern States Bancshares stock? Use our calculator to estimate your expected dividend yield:

Southern States Bancshares Financial Ratios

P/E ratio9.21
PEG ratio1.46
P/B ratio1.10
ROE13.86%
Payout ratio9.86%
Current ratio0.53
Quick ratio0.53
Cash Ratio0.00

Southern States Bancshares Dividend FAQ

How much is the next Southern States Bancshares dividend?
Southern States Bancshares's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Southern States Bancshares dividend. The next Southern States Bancshares dividend will be released in February, May, August, or November.
When is Southern States Bancshares dividend paid?
Southern States Bancshares pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Southern States Bancshares pay?
The specific amount of Southern States Bancshares dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Southern States Bancshares's dividend history.
Does Southern States Bancshares stock pay dividends?
Yes, Southern States Bancshares does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Southern States Bancshares's dividend history.
How much dividend does Southern States Bancshares pay?
Southern States Bancshares paid $0.36 in 2024, $0.36 in 2023, $0.36 in 2022, $0.09 in 2021, and $0.0 in 2020.
How often does Southern States Bancshares pay dividends?
Southern States Bancshares typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Southern States Bancshares's dividend yield?
The current dividend yield for Southern States Bancshares is 1.44%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Southern States Bancshares's exact dividend yield.
When does Southern States Bancshares go ex dividend?
Southern States Bancshares's ex-dividend date for the latest dividend was on 2024-11-01. Southern States Bancshares typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Southern States Bancshares dividend paid?
Southern States Bancshares pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Southern States Bancshares increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Southern States Bancshares will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Southern States Bancshares dividend per share?
Southern States Bancshares paid $0.36 per share in 2024 and $0.36 per share in 2023. The amount of dividend per share that Southern States Bancshares pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Southern States Bancshares a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Southern States Bancshares a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Southern States Bancshares a dividend stock?
Yes, Southern States Bancshares is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Southern States Bancshares a good dividend stock?
Whether Southern States Bancshares is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Southern States Bancshares has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Southern States 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.
Does Southern States Bancshares pay dividends monthly?
Southern States Bancshares typically pays dividends on a quarterly basis.
Does Southern States Bancshares pay dividends quarterly?
Southern States Bancshares currently pays dividends on a quarterly basis.
Has Southern States Bancshares ever paid a dividend?
Yes, Southern States Bancshares has a history of paying dividends to its shareholders. Southern States Bancshares is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Southern States Bancshares dividend stocks?
To buy Southern States Bancshares you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Southern States Bancshares stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Southern States Bancshares pay dividends 2024?
Southern States Bancshares pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-15. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Southern States Bancshares increase its dividend in 2024?
Decisions regarding Southern States Bancshares dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Southern States Bancshares dividend overview you can look into the above table of dividend history.
How Southern States Bancshares dividend works?
The Southern States Bancshares dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Southern States Bancshares's dividend process works:

1. Determination of Dividend: Southern States 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 States 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 States 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 States 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.
How are Southern States Bancshares dividends paid?
Southern States Bancshares dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Southern States 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 States 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 States 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.
How many times does Southern States Bancshares pay dividends?
Southern States Bancshares typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Southern States Bancshares pay dividends?
The general pattern is that Southern States Bancshares pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Southern States Bancshares dividend safe?
The safety of Southern States Bancshares's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Southern States 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 States 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.