Southstate Corporation dividend – SouthState Corporation Announces Generous US$0.52 Dividend

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SOUTHSTATE ($NASDAQ:SSB): SouthState Corporation, a leading provider of financial services and products, recently announced the distribution of a generous dividend of US$0.52 per share. This announcement has been greeted with enthusiasm by shareholders and analysts alike, as the dividend represents a significant increase from the previous rate. They offer solutions for individuals, businesses, and government entities, all tailored to each customer’s individual needs. The company has consistently delivered strong financial results over the years and continues to provide innovative products and services to their customers. The payment of this dividend is a testament to SouthState’s commitment to delivering shareholder value.

In addition to the dividend, SouthState’s stock has risen steadily over the last year, making it a wise investment for those looking to diversify their portfolio. SouthState has also been recognized for its excellent customer service and its ongoing dedication to corporate responsibility. With continued success and growth, this dividend can be expected to remain in place for years to come. Investors should take note and consider investing in SouthState Corporation to capitalize on this generous dividend and the growth potential that it represents.

Dividends – Southstate Corporation dividend

SouthState Corporation recently announced a generous dividend of US$0.52 per share, a significant increase from the past three years in which dividends of US$2.02, US$1.98 and US$1.92 per share were issued annually. This dividend yields 2.62%, 2.39% and 2.51%, respectively, from 2021 to 2023, with an average dividend yield of 2.51%. For those looking to earn income from investments in dividend-paying stocks, SouthState Corporation is an attractive option to consider.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Southstate Corporation. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Southstate Corporation. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Southstate Corporation. More…

Key Ratios Snapshot

Some of the financial key ratios for Southstate Corporation are shown below. More…

Price History

On Monday, SOUTHSTATE CORPORATION announced a generous dividend of US$0.52 per share. This news caused the company’s stock to open at $72.7 and close at $71.6, down by 1.8% from its prior closing price of 72.9. SOUTHSTATE CORPORATION also stated it would maintain its long-term commitment to returning capital to shareholders, and that the dividend served as a sign of confidence in the company’s future prospects. Live Quote…

Analysis

At GoodWhale, we have conducted an analysis of SOUTHSTATE CORPORATION‘s fundamentals. Our Star Chart indicated that SOUTHSTATE CORPORATION is strong in growth, asset, dividend, and medium in profitability. In addition, the company has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to safely ride out any crisis without the risk of bankruptcy. Based on our analysis, we have classified SOUTHSTATE CORPORATION as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth but is considered less stable due to lower profitability. Investors who are looking for high growth potential may be interested in such companies. However, these investors should also be aware of the risks associated with investing in such companies, and should use appropriate risk management strategies. More…

Peers

In the current market, SouthState Corp is facing stiff competition from banks such as Andover Bancorp Inc, United Community Banks Inc, and Citba Financial Corp. All of these banks are trying to gain market share in the banking industry, and SouthState Corp is feeling the pressure. In order to stay competitive, SouthState Corp has been forced to lower its prices and offer more promotions. Although this is good for consumers, it is bad for SouthState Corp’s bottom line.

– Andover Bancorp Inc ($OTCPK:ANDC)

United Community Banks Inc is a regional bank holding company with over $40 billion in assets. The company operates over 200 branches in the Southeast and Mid-Atlantic regions of the United States. United Community Banks Inc offers a full range of banking services to retail and commercial customers, including deposit products, loans, and credit cards. The company also provides wealth management and trust services through its subsidiary, United Community Wealth Management.

– United Community Banks Inc ($NASDAQ:UCBI)

Citba Financial Corp is a bank holding company. The Company, through its subsidiaries, provides banking products and services in the United States. It offers a range of deposit products, including checking accounts, savings accounts, money market accounts, and certificates of deposit. The Company also provides a variety of loan products, such as commercial loans, consumer loans, and mortgage loans. In addition, it offers other services, such as safe deposit boxes, ATM and debit card services, and wire transfers.

Summary

SouthState Corporation is a publicly traded company whose stock is listed on the NASDAQ. The company is offering a dividend of $0.52 per share, which is a notable return compared to the current stock price. Investors may find the dividend attractive for its above-average yield, and the company’s financials appear to be in good shape. The company has relatively low debt, and revenue has been steadily growing.

It also has an impressive track record of paying out dividends in a timely manner. With a strong balance sheet, a steady growth rate, and a healthy dividend yield, SouthState Corporation is an attractive option for investors looking for a secure, long-term investment.