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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-01 | $0.09 | quarterly | 2024-11-15 |
2024-07-31 | $0.09 | quarterly | 2024-08-12 |
2024-05-02 | $0.09 | quarterly | 2024-05-16 |
2024-02-01 | $0.09 | quarterly | 2024-02-15 |
2023-11-02 | $0.09 | quarterly | 2023-11-17 |
2023-08-02 | $0.09 | quarterly | 2023-08-17 |
2023-05-02 | $0.09 | quarterly | 2023-05-16 |
2023-02-02 | $0.09 | quarterly | 2023-02-16 |
2022-11-02 | $0.09 | quarterly | 2022-11-16 |
2022-08-03 | $0.09 | quarterly | 2022-08-17 |
2022-05-03 | $0.09 | quarterly | 2022-05-16 |
2022-02-02 | $0.09 | quarterly | 2022-02-15 |
2021-11-02 | $0.09 | quarterly | 2021-11-15 |
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
Southern States Bancshares Dividend FAQ
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.
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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.
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.
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.