Southern States Bancshares Dividends and Buybacks
Dividend criteria checks 2/6
Southern States Bancshares is a dividend paying company with a current yield of 1.14% that is well covered by earnings.
Key information
1.1%
Dividend yield
-0.1%
Buyback Yield
| Total Shareholder Yield | 1.0% |
| Future Dividend Yield | 1.1% |
| Dividend Growth | -11.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.360 |
| Payout ratio | 10% |
Recent dividend and buyback updates
Southern States Bancshares (NASDAQ:SSBK) Is Paying Out A Dividend Of $0.09
Oct 20
Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09
Jul 22Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09
Apr 22Recent updates
Southern States Bancshares (NASDAQ:SSBK) Is Paying Out A Dividend Of $0.09
Oct 20Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09
Jul 22Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09
Apr 22Southern States Bancshares' (NASDAQ:SSBK) Dividend Will Be $0.09
Jan 21Southern States Bancshares (NASDAQ:SSBK) Has Announced A Dividend Of $0.09
Oct 22Here's Why We Think Southern States Bancshares (NASDAQ:SSBK) Might Deserve Your Attention Today
Jul 25Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09
Jul 25Southern States Bancshares (NASDAQ:SSBK) Will Pay A Dividend Of $0.09
Apr 23Southern States Bancshares (NASDAQ:SSBK) Has Affirmed Its Dividend Of $0.09
Jan 24Southern States Bancshares (NASDAQ:SSBK) Is Due To Pay A Dividend Of $0.09
Oct 26Southern States Bancshares declares $0.09 dividend
Oct 19Earnings Beat: Southern States Bancshares, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
Jul 29Southern States Bancshares declares $0.09 dividend
Jul 20Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, SSBK has been paying a dividend for less than 10 years.
Growing Dividend: SSBK has only been paying a dividend for 3 years, and since then payments have not increased.
Dividend Yield vs Market
| Southern States Bancshares Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SSBK) | 1.1% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.6% |
| Industry Average (Banks) | 2.6% |
| Analyst forecast (SSBK) (up to 3 years) | 1.1% |
Notable Dividend: SSBK's dividend (1.14%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.47%).
High Dividend: SSBK's dividend (1.14%) is low compared to the top 25% of dividend payers in the US market (4.55%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (10%), SSBK's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: SSBK's dividends in 3 years are forecast to be thoroughly covered by earnings (8.6% payout ratio).
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/08 17:55 |
| End of Day Share Price | 2025/01/08 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Southern States Bancshares, Inc. is covered by 3 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Bishop | Hovde Group, LLC |
| Catherine Summerson Mealor | Keefe, Bruyette, & Woods |
| Jennifer Demba | Truist Securities |