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Today, August 17, 2023, marks an important moment for investors of Summit State Bank (NASDAQ:SSBI). The company will distribute a dividend payout of $0.12 per share, demonstrating an annualized dividend yield of 2.77%. Remember, only shareholders prior to the ex-dividend date on August 09, 2023 are eligible for this payout.
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-09 | 4 | $0.12 | 2.77% | 2023-07-24 | 2023-08-10 | 2023-08-17 |
| 2023-05-10 | 4 | $0.12 | 3.4% | 2023-04-24 | 2023-05-11 | 2023-05-18 |
| 2023-02-08 | 4 | $0.12 | 3.06% | 2023-01-23 | 2023-02-09 | 2023-02-16 |
| 2022-11-09 | 4 | $0.12 | 3.24% | 2022-10-25 | 2022-11-10 | 2022-11-17 |
| 2022-08-10 | 4 | $0.12 | 3.08% | 2022-07-25 | 2022-08-11 | 2022-08-18 |
| 2022-05-11 | 4 | $0.12 | 2.91% | 2022-04-25 | 2022-05-12 | 2022-05-19 |
| 2022-02-09 | 4 | $0.12 | 3.14% | 2022-01-24 | 2022-02-10 | 2022-02-17 |
| 2021-11-09 | 4 | $0.12 | 2.81% | 2021-10-26 | 2021-11-11 | 2021-11-18 |
| 2021-08-12 | 4 | $0.11 | 2.97% | 2021-07-27 | 2021-08-13 | 2021-08-20 |
| 2021-05-13 | 4 | $0.11 | 2.89% | 2021-04-26 | 2021-05-14 | 2021-05-21 |
| 2021-02-11 | 4 | $0.12 | 2.83% | 2021-01-26 | 2021-02-12 | 2021-02-19 |
| 2020-11-12 | 4 | $0.11 | 3.87% | 2020-10-28 | 2020-11-13 | 2020-11-20 |
With a dividend yield that places it neither at the top nor the bottom, Summit State Bank finds itself in the middle among its industry peers, while United Security (NASDAQ:UBFO) boasts the highest annualized dividend yield at 6.74%.
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.44 to $0.48, reflecting the company's focus on providing greater returns to its shareholders.
The earnings chart illustrates an increase in Summit State Bank's earnings per share, from $0.85 in 2019 to $2.40 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
This article takes an in-depth look at Summit State Bank's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.12 per share today, translating to an annualized dividend yield of 2.77%.
With a dividend yield that places it neither at the top nor the bottom, Summit State Bank finds itself in the middle among its industry peers, while United Security boasts the highest annualized dividend yield at 6.74%.
The upward trend in dividend per share and earnings per share for Summit State Bank from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Track real-time stock fluctuations for Summit State Bank on Benzinga.](https://www.benzinga.com/quote/Summit State Bank (NASDAQ: SSBI))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
