SouthState Bank Corporation (NYSE:SSB) Declares Quarterly Dividend of $0.60

SouthState Bank Corporation (NYSE:SSB) declared a quarterly dividend on Thursday, April 23rd. Stockholders of record on Friday, May 8th will be paid a dividend of 0.60 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Friday, May 8th.

SouthState Bank has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 13 consecutive years.

SouthState Bank Stock Performance

SouthState Bank stock opened at $98.11 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.92 and a current ratio of 0.93. The company has a market capitalization of $9.62 billion, a PE ratio of 12.48 and a beta of 0.75. The company has a 50 day moving average price of $96.32 and a 200-day moving average price of $95.46. SouthState Bank has a fifty-two week low of $84.47 and a fifty-two week high of $108.46.

SouthState Bank (NYSE:SSB) last released its quarterly earnings data on Thursday, April 23rd. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.21 by $0.07. The company had revenue of $661.70 million for the quarter, compared to the consensus estimate of $669.29 million. SouthState Bank had a return on equity of 10.86% and a net margin of 21.26%.During the same period last year, the business posted $0.87 EPS. As a group, equities analysts forecast that SouthState Bank will post 9.54 earnings per share for the current year.

About SouthState Bank

SouthState Bank (NYSE: SSB) is a bank holding company headquartered in Winter Haven, Florida, that provides a range of commercial and retail banking services. Through its subsidiary, SouthState Bank, the company serves businesses, institutions and individuals with deposit, lending and treasury management solutions. Its core business lines include commercial and industrial loans, commercial real estate lending, consumer mortgages and home equity loans.

In addition to traditional lending and deposit products, SouthState Bank offers specialized services such as treasury and cash management, merchant services, payment solutions and online banking.