SouthState Bank Corporation (NYSE:SSB) Announces Dividend Increase – $0.66 Per Share

SouthState Bank Corporation (NYSE:SSB) announced a quarterly dividend on Wednesday, July 22nd. Shareholders of record on Friday, August 7th will be paid a dividend of 0.66 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Friday, August 7th. This is a 10.0% increase from SouthState Bank’s previous quarterly dividend of $0.60.

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

SouthState Bank Trading Down 1.0%

NYSE:SSB opened at $101.17 on Friday. SouthState Bank has a one year low of $84.47 and a one year high of $108.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.92 and a current ratio of 0.93. The stock has a market cap of $9.88 billion, a price-to-earnings ratio of 10.91 and a beta of 0.70. The business’s 50-day simple moving average is $97.70 and its 200 day simple moving average is $97.70.

SouthState Bank (NYSE:SSB) last released its earnings results on Thursday, July 23rd. The company reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.04. The company had revenue of $672.67 million for the quarter, compared to the consensus estimate of $676.83 million. SouthState Bank had a return on equity of 10.81% and a net margin of 24.75%.During the same quarter last year, the business posted $2.30 EPS. As a group, sell-side analysts predict that SouthState Bank will post 9.51 earnings per share for the current fiscal year.

SouthState Bank Company Profile

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.