Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, individual retirement, and other retirement plan accounts. The company also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; home equity lines of credit; and lines of credit, term, and equipment loans, as well as loans to agriculture-related businesses. In addition, the company provides Internet and telephone banking; and other services, such as banking by appointment, online banking, direct payroll and social security deposits, letters of credit, access to national automated teller machine networks, courier, safe deposit boxes, night depository facilities, notary, travelers checks, lockbox, and banking by mail. Further, it offers electronic banking, cash management, and electronic bill payment services. The company operates through five depository offices located in Santa Rosa, Rohnert Park, Healdsburg, and Petaluma, as well as loan production offices in Roseville, California, Irvine, and Scottsdale, Arizona. Summit State Bank was incorporated in 1982 and is headquartered in Santa Rosa, California.
Summit State Bank Dividend Announcement
• Summit State Bank announced a quarterly dividend of $0.04 per ordinary share which will be made payable on 2024-10-10. Ex dividend date: 2024-10-03
• Summit State Bank annual dividend for 2024 was $0.28
• Summit State Bank annual dividend for 2023 was $0.48
• Summit State Bank's trailing twelve-month (TTM) dividend yield is 3.97%
• Summit State Bank's payout ratio for the trailing twelve months (TTM) is 55.76%
• Summit State Bank's dividend growth over the last ten years (2013-2023) was 1.34% year
Summit State Bank Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-03 | $0.04 | quarterly | 2024-10-10 |
| 2024-05-15 | $0.12 | quarterly | 2024-05-23 |
| 2024-02-07 | $0.12 | quarterly | 2024-02-15 |
| 2023-11-08 | $0.12 | quarterly | 2023-11-16 |
| 2023-08-09 | $0.12 | quarterly | 2023-08-17 |
| 2023-05-10 | $0.12 | quarterly | 2023-05-18 |
| 2023-02-08 | $0.12 | quarterly | 2023-02-16 |
| 2022-11-09 | $0.12 | quarterly | 2022-11-17 |
| 2022-08-10 | $0.12 | quarterly | 2022-08-18 |
| 2022-05-11 | $0.12 | quarterly | 2022-05-19 |
| 2022-02-09 | $0.12 | quarterly | 2022-02-17 |
| 2021-11-09 | $0.12 | quarterly | 2021-11-18 |
| 2021-08-12 | $0.12 | quarterly | 2021-08-20 |
| 2021-05-13 | $0.12 | quarterly | 2021-05-21 |
| 2021-02-11 | $0.12 | quarterly | 2021-02-19 |
| 2020-11-12 | $0.12 | quarterly | 2020-11-20 |
| 2020-08-13 | $0.12 | quarterly | 2020-08-21 |
| 2020-05-14 | $0.12 | quarterly | 2020-05-22 |
| 2020-02-13 | $0.12 | quarterly | 2020-02-21 |
| 2019-11-14 | $0.12 | quarterly | 2019-11-22 |
| 2019-08-15 | $0.12 | quarterly | 2019-08-23 |
| 2019-05-16 | $0.12 | quarterly | 2019-05-24 |
| 2019-02-15 | $0.12 | quarterly | 2019-02-26 |
| 2018-11-19 | $0.12 | quarterly | 2018-11-27 |
| 2018-08-16 | $0.12 | quarterly | 2018-08-24 |
| 2018-05-17 | $0.12 | quarterly | 2018-05-24 |
| 2018-02-15 | $0.12 | quarterly | 2018-02-23 |
| 2017-11-14 | $0.12 | quarterly | 2017-11-22 |
| 2017-08-15 | $0.12 | quarterly | 2017-08-25 |
| 2017-05-16 | $0.12 | quarterly | 2017-05-24 |
| 2017-02-15 | $0.12 | quarterly | 2017-02-24 |
| 2016-11-14 | $0.12 | quarterly | 2016-11-23 |
| 2016-08-16 | $0.12 | quarterly | 2016-08-26 |
| 2016-05-16 | $0.12 | quarterly | 2016-05-24 |
| 2016-02-16 | $0.12 | quarterly | 2016-02-24 |
| 2015-11-13 | $0.12 | quarterly | 2015-11-25 |
| 2015-08-13 | $0.12 | quarterly | 2015-08-25 |
| 2015-05-14 | $0.12 | quarterly | 2015-05-26 |
| 2015-02-13 | $0.12 | quarterly | 2015-02-24 |
| 2014-11-13 | $0.11 | quarterly | 2014-11-25 |
| 2014-08-13 | $0.11 | quarterly | 2014-08-25 |
| 2014-05-13 | $0.11 | quarterly | 2014-05-23 |
| 2014-02-13 | $0.11 | quarterly | 2014-02-24 |
| 2013-11-13 | $0.11 | quarterly | 2013-11-25 |
| 2013-08-13 | $0.11 | quarterly | 2013-08-23 |
| 2013-05-13 | $0.11 | quarterly | 2013-05-23 |
| 2013-02-13 | $0.09 | quarterly | 2013-02-23 |
Summit State Bank Dividend per year
Summit State Bank Dividend growth
Summit State Bank Dividend Yield
Summit State Bank current trailing twelve-month (TTM) dividend yield is 3.97%. Interested in purchasing Summit State Bank stock? Use our calculator to estimate your expected dividend yield:
Summit State Bank Financial Ratios
P/E ratio9.78
PEG ratio-0.16
P/B ratio0.47
ROE4.92%
Payout ratio55.76%
Current ratio0.12
Quick ratio0.12
Cash Ratio0.13
Summit State Bank Dividend FAQ
How much is the next Summit State Bank dividend?
Summit State Bank's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Summit State Bank dividend. The next Summit State Bank dividend will be released in February, May, August, or November.
When is Summit State Bank dividend paid?
Summit State Bank 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 Summit State Bank pay?
The specific amount of Summit State Bank 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 Summit State Bank's dividend history.
Does Summit State Bank stock pay dividends?
Yes, Summit State Bank 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 Summit State Bank's dividend history.
How much dividend does Summit State Bank pay?
Summit State Bank paid $0.28 in 2024, $0.48 in 2023, $0.48 in 2022, $0.48 in 2021, and $0.48 in 2020.
How often does Summit State Bank pay dividends?
Summit State Bank 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 Summit State Bank's dividend yield?
The current dividend yield for Summit State Bank is 3.97%. 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 Summit State Bank's exact dividend yield.
When does Summit State Bank go ex dividend?
Summit State Bank's ex-dividend date for the latest dividend was on 2024-10-03. Summit State Bank 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 Summit State Bank dividend paid?
Summit State Bank pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Summit State Bank 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 Summit State Bank 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 Summit State Bank dividend per share?
Summit State Bank paid $0.28 per share in 2024 and $0.48 per share in 2023. The amount of dividend per share that Summit State Bank 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 Summit State Bank 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 Summit State Bank 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 Summit State Bank a dividend stock?
Yes, Summit State Bank is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Summit State Bank a good dividend stock?
Whether Summit State Bank is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Summit State Bank has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Summit State Bank 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.
Other factors to consider when evaluating Summit State Bank 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 Summit State Bank pay dividends monthly?
Summit State Bank typically pays dividends on a quarterly basis.
Does Summit State Bank pay dividends quarterly?
Summit State Bank currently pays dividends on a quarterly basis.
Has Summit State Bank ever paid a dividend?
Yes, Summit State Bank has a history of paying dividends to its shareholders. Summit State Bank is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Summit State Bank dividend stocks?
To buy Summit State Bank 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 Summit State Bank 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.
Place an order: Use the brokerage's trading platform to place an order to buy Summit State Bank 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 Summit State Bank pay dividends 2024?
Summit State Bank pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-10. 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 Summit State Bank increase its dividend in 2024?
Decisions regarding Summit State Bank 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 Summit State Bank dividend overview you can look into the above table of dividend history.
How Summit State Bank dividend works?
The Summit State Bank 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 Summit State Bank's dividend process works:
1. Determination of Dividend: Summit State Bank'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, Summit State Bank 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, Summit State Bank 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 Summit State Bank 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. Determination of Dividend: Summit State Bank'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, Summit State Bank 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, Summit State Bank 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 Summit State Bank 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 Summit State Bank dividends paid?
Summit State Bank dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Summit State Bank 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, Summit State Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Summit State Bank 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.
1. Record Date: Summit State Bank 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, Summit State Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Summit State Bank 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 Summit State Bank pay dividends?
Summit State Bank 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 Summit State Bank pay dividends?
The general pattern is that Summit State Bank 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 Summit State Bank dividend safe?
The safety of Summit State Bank'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 Summit State Bank'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 Summit State Bank'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.
To assess the safety of Summit State Bank'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 Summit State Bank'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.