Southern States Bancshares, Inc. (SSBK) to Distribute Quarterly Dividend of $0.09 on May 12th

Posted by Joseph Casey on Apr 19th, 2025

Southern States Bancshares, Inc. (NASDAQ:SSBK – Get Free Report) announced a quarterly dividend on Thursday, April 17th, RTT News reports. Stockholders of record on Thursday, May 1st will be given a dividend of 0.09 per share on Monday, May 12th. This represents a $0.36 annualized dividend and a dividend yield of 1.14%.

Southern States Bancshares has raised its dividend by an average of 58.7% annually over the last three years. Southern States Bancshares has a payout ratio of 8.5% meaning its dividend is sufficiently covered by earnings.

Southern States Bancshares Price Performance

Southern States Bancshares stock opened at $31.58 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.02 and a current ratio of 1.02. Southern States Bancshares has a one year low of $23.52 and a one year high of $39.16. The company has a market cap of $313.34 million, a P/E ratio of 8.60 and a beta of 0.27. The business has a fifty day moving average of $32.33 and a two-hundred day moving average of $33.14.

Southern States Bancshares (NASDAQ:SSBK – Get Free Report) last released its quarterly earnings results on Tuesday, January 21st. The company reported $1.04 earnings per share for the quarter. Southern States Bancshares had a return on equity of 15.04% and a net margin of 19.68%.

Southern States Bancshares Company Profile

(Get Free Report)

Southern States Bancshares, Inc operates as the bank holding company for Southern States Bank that provides community banking services to businesses and individuals. The company provides various deposit products, such as savings, money market, and noninterest-bearing demand accounts; certificates of deposit; and time deposits.