SouthState Bank Corporation (NYSE:SSB) Plans Quarterly Dividend of $0.66

SouthState Bank Corporation (NYSE:SSB) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 7th will be given a dividend of 0.66 per share on Friday, August 14th. This represents a c) dividend on an annualized basis 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. The stock has a market capitalization of $9.88 billion, a PE ratio of 10.91 and a beta of 0.70. The firm’s 50 day moving average is $97.70 and its 200 day moving average is $97.70. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.04. SouthState Bank has a 12 month low of $84.47 and a 12 month high of $108.46.

SouthState Bank (NYSE:SSB) last posted its quarterly earnings results on Thursday, July 23rd. The company reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.31 by $0.04. SouthState Bank had a return on equity of 10.81% and a net margin of 24.75%.The company had revenue of $672.67 million during the quarter, compared to the consensus estimate of $676.83 million. During the same quarter in the prior year, the company earned $2.30 EPS. Sell-side analysts expect that SouthState Bank will post 9.51 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.