SouthState Dividend

Dividend criteria checks 5/6

SouthState Corporation is a dividend paying company with a current yield of 2.5% that is well covered by earnings. Next payment date is on 17 Feb 2023 with an ex-dividend date of 09 Feb 2023.

Key information

2.5%

Dividend yield

30%

Payout ratio

Industry average yield3.0%
Next dividend pay date17 Feb 23
Ex dividend date09 Feb 23
Dividend per shareUS$2.00
Earnings per shareUS$6.56
Dividend yield forecast in 3Y2.6%

Recent dividend updates

Recent updates

SouthState Corporation: Expanding Bank With Excellent Fundamentals

Sep 04

SouthState (NASDAQ:SSB) Is Increasing Its Dividend To $0.50

Aug 02
SouthState (NASDAQ:SSB) Is Increasing Its Dividend To $0.50

SouthState: Earnings Likely To Dip On The Back Of Higher Provisioning

Jun 28

Should You Be Adding SouthState (NASDAQ:SSB) To Your Watchlist Today?

May 16
Should You Be Adding SouthState (NASDAQ:SSB) To Your Watchlist Today?

SouthState Bank Has The Growth Potential, But Improved Profitability Would Be A Big Help

Feb 11

Here's Why We Think SouthState (NASDAQ:SSB) Is Well Worth Watching

Jan 24
Here's Why We Think SouthState (NASDAQ:SSB) Is Well Worth Watching

SouthState Corporation: Nothing Great To Talk About

Oct 28

Here's Why I Think SouthState (NASDAQ:SSB) Might Deserve Your Attention Today

Oct 04
Here's Why I Think SouthState (NASDAQ:SSB) Might Deserve Your Attention Today

South State (NASDAQ:SSB) Will Pay A Larger Dividend Than Last Year At US$0.49

Aug 10
South State (NASDAQ:SSB) Will Pay A Larger Dividend Than Last Year At US$0.49

South State: Building A Premier Southeast Bank

Aug 09

South State EPS beats by $0.70, misses on revenue

Apr 28

Would South State Corporation (NASDAQ:SSB) Be Valuable To Income Investors?

Apr 19
Would South State Corporation (NASDAQ:SSB) Be Valuable To Income Investors?

Have Insiders Sold South State Corporation (NASDAQ:SSB) Shares Recently?

Feb 22
Have Insiders Sold South State Corporation (NASDAQ:SSB) Shares Recently?

Don't Race Out To Buy South State Corporation (NASDAQ:SSB) Just Because It's Going Ex-Dividend

Feb 07
Don't Race Out To Buy South State Corporation (NASDAQ:SSB) Just Because It's Going Ex-Dividend

What Kind Of Shareholders Hold The Majority In South State Corporation's (NASDAQ:SSB) Shares?

Feb 01
What Kind Of Shareholders Hold The Majority In South State Corporation's (NASDAQ:SSB) Shares?

Is South State Corporation's (NASDAQ:SSB) 2.6% Dividend Sustainable?

Jan 04
Is South State Corporation's (NASDAQ:SSB) 2.6% Dividend Sustainable?

Would Shareholders Who Purchased South State's (NASDAQ:SSB) Stock Three Years Be Happy With The Share price Today?

Dec 09
Would Shareholders Who Purchased South State's (NASDAQ:SSB) Stock Three Years Be Happy With The Share price Today?

South State Corporation: Earnings Growth Outlook Appears Priced In

Dec 05

South State EPS beats by $0.34, beats on revenue

Oct 29

Upcoming Dividend Payment

TodayFeb 02 2023Ex Dividend DateFeb 09 2023Dividend Pay DateFeb 17 20238 days from Ex DividendBuy in the next 7 days to receive the upcoming dividend

Dividend Yield vs Market

SouthState Dividend Yield vs Market
How does SSB dividend yield compare to the market?
SegmentDividend Yield
Company (SSB)2.5%
Market Bottom 25% (US)1.5%
Market Top 25% (US)4.2%
Industry Average (Banks)3.0%
Analyst forecast in 3 Years (SSB)2.6%

Notable Dividend: SSB's dividend (2.5%) is higher than the bottom 25% of dividend payers in the US market (1.49%).

High Dividend: SSB's dividend (2.5%) is low compared to the top 25% of dividend payers in the US market (4.24%).


Stability and Growth of Payments

How stable has SouthState's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
12/31/20242.076
12/31/20232.037
2/2/202322.5
1/26/202322.56
10/26/202222.44
7/30/202222.43
4/30/20221.962.52
2/25/20221.962.39
1/24/20221.962.27
10/29/20211.962.39
7/30/20211.962.74
4/30/20211.882.27
2/26/20211.882.29
1/27/20211.882.42
11/6/20201.882.55
10/29/20201.883.07
8/7/20201.883.44
7/31/20201.883.72
5/4/20201.883.82
4/24/20201.883.37
2/21/20201.883.18
1/27/20201.882.4
10/28/20191.842.19
8/2/20191.722.28
7/30/20191.722.21
4/29/20191.62.19
2/13/20191.522.16
1/28/20191.522.28
11/2/20181.42.15
10/22/20181.42.09
8/3/20181.41.72
7/30/20181.41.66
5/4/20181.361.53
4/24/20181.361.56
10/24/20171.321.49
8/4/20171.321.55
7/21/20171.321.58
5/5/20171.321.55
4/21/20171.321.48
2/24/20171.321.49
1/27/20171.321.49
11/4/20161.281.5
10/21/20161.281.77
8/4/20161.241.67
7/22/20161.241.69
5/6/20161.21.73
4/22/20161.21.72
1/24/20161.121.74
1/22/20161.121.73
11/6/20151.041.43
10/23/20151.041.32
8/7/201511.32
7/24/201511.29
4/30/20150.961.3
2/27/20150.921.35
1/27/20150.921.44
10/28/20140.881.4
7/29/20140.841.44
4/28/20140.81.36
4/25/20140.81.35
1/28/20140.761.24
10/29/20130.761.19
7/26/20130.761.37
4/26/20130.721.42
10/26/20120.721.67
7/27/20120.681.72
4/27/20120.681.99

Stable Dividend: SSB's dividends per share have been stable in the past 10 years.

Growing Dividend: SSB's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (29.9%), SSB's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: SSB's dividends in 3 years are forecast to be well covered by earnings (25.9% payout ratio).


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