Southside Bancshares, Inc. operates as the bank holding company for Southside Bank that provides a range of financial services to individuals, businesses, municipal entities, and nonprofit organizations. Its deposit products include savings, money market, and interest and noninterest bearing checking accounts, as well as certificates of deposit. The company's loan portfolio comprises consumer loans that include 1-4 family residential loans, home equity loans, home improvement loans, automobile loans, and other consumer related loans; commercial loans, such as short-term working capital loans for inventory and accounts receivable, short and medium-term loans for equipment or other business capital expansion, commercial real estate loans, and municipal loans; and construction loans for 1-4 family residential and commercial real estate. It also offers wealth management and trust services consisting of investment management, administration, revocable and testamentary trusts, and custodian services for individuals, partnerships, and corporations; safe deposit services; and brokerage services. As of December 31, 2021, the company operated through 56 banking facilities and 73 ATMs/ITMs. Southside Bancshares, Inc. was founded in 1960 and is headquartered in Tyler, Texas.
Southside Bancshares Dividend Announcement
• Southside Bancshares announced a quarterly dividend of $0.36 per ordinary share which will be made payable on 2024-09-05. Ex dividend date: 2024-08-22
• Southside Bancshares annual dividend for 2024 was $1.08
• Southside Bancshares annual dividend for 2023 was $1.42
• Southside Bancshares's trailing twelve-month (TTM) dividend yield is 4.51%
• Southside Bancshares's payout ratio for the trailing twelve months (TTM) is 52.23%
• Southside Bancshares's dividend growth over the last five years (2018-2023) was 3.42% year
• Southside Bancshares's dividend growth over the last ten years (2013-2023) was 4.37% year
Southside Bancshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-08-22 | $0.36 | quarterly | 2024-09-05 |
2024-05-22 | $0.36 | quarterly | 2024-06-06 |
2024-02-14 | $0.36 | quarterly | 2024-02-29 |
2023-11-21 | $0.37 | quarterly | 2023-12-07 |
2023-08-16 | $0.35 | quarterly | 2023-09-01 |
2023-05-22 | $0.35 | quarterly | 2023-06-06 |
2023-02-15 | $0.35 | quarterly | 2023-03-02 |
2022-11-22 | $0.38 | quarterly | 2022-12-08 |
2022-08-17 | $0.34 | quarterly | 2022-09-01 |
2022-05-18 | $0.34 | quarterly | 2022-06-02 |
2022-02-16 | $0.34 | quarterly | 2022-03-03 |
2021-11-23 | $0.39 | quarterly | 2021-12-09 |
2021-08-18 | $0.33 | quarterly | 2021-09-02 |
2021-05-19 | $0.33 | quarterly | 2021-06-03 |
2021-02-17 | $0.32 | quarterly | 2021-03-04 |
2020-11-24 | $0.32 | quarterly | 2020-12-10 |
2020-08-19 | $0.31 | quarterly | 2020-09-03 |
2020-05-20 | $0.31 | quarterly | 2020-06-04 |
2020-02-19 | $0.31 | quarterly | 2020-03-05 |
2019-11-26 | $0.31 | quarterly | 2019-12-12 |
2019-08-21 | $0.31 | quarterly | 2019-09-05 |
2019-05-22 | $0.31 | quarterly | 2019-06-06 |
2019-02-20 | $0.30 | quarterly | 2019-03-07 |
2018-11-20 | $0.32 | quarterly | 2018-12-06 |
2018-08-22 | $0.30 | quarterly | 2018-09-06 |
2018-05-23 | $0.30 | quarterly | 2018-06-07 |
2018-02-21 | $0.28 | quarterly | 2018-03-08 |
2017-11-15 | $0.28 | quarterly | 2017-11-30 |
2017-08-15 | $0.28 | quarterly | 2017-08-31 |
2017-05-16 | $0.28 | quarterly | 2017-06-01 |
2017-02-21 | $0.25 | quarterly | 2017-03-09 |
2016-11-15 | $0.30 | quarterly | 2016-12-01 |
2016-08-16 | $0.24 | quarterly | 2016-09-01 |
2016-05-17 | $0.24 | quarterly | 2016-06-02 |
2016-02-23 | $0.23 | quarterly | 2016-03-10 |
2015-11-17 | $0.33 | quarterly | 2015-12-03 |
2015-08-18 | $0.23 | quarterly | 2015-09-03 |
2015-05-19 | $0.23 | quarterly | 2015-06-04 |
2015-02-24 | $0.23 | quarterly | 2015-03-12 |
2014-11-18 | $0.34 | quarterly | 2014-12-04 |
2014-08-19 | $0.22 | quarterly | 2014-09-04 |
2014-05-20 | $0.21 | quarterly | 2014-06-05 |
2014-02-25 | $0.21 | quarterly | 2014-03-13 |
2013-11-19 | $0.33 | quarterly | 2013-12-06 |
2013-08-20 | $0.20 | quarterly | 2013-09-05 |
2013-05-21 | $0.20 | quarterly | 2013-06-06 |
2013-02-26 | $0.20 | quarterly | 2013-03-14 |
Southside Bancshares Dividend per year
Southside Bancshares Dividend growth
Southside Bancshares Dividend Yield
Southside Bancshares current trailing twelve-month (TTM) dividend yield is 4.51%. Interested in purchasing Southside Bancshares stock? Use our calculator to estimate your expected dividend yield:
Southside Bancshares Financial Ratios
Southside Bancshares Dividend FAQ
Other factors to consider when evaluating Southside 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: Southside 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, Southside 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, Southside 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 Southside 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: Southside 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, Southside 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: Southside 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 Southside 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 Southside 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.