The new dividend rate translates to an annual distribution of $2.64 per share. Based on the closing price of $101.25 recorded this past Thursday, the stock now offers an annual yield of approximately 2.6%. Shareholders on record as of August 7 will receive the payment on August 14.
SouthState Bank Lifts Quarterly Payout to 66 Cents
Investors holding SouthState Bank stock are set for a pay bump as the financial services firm announced a 10% increase in its quarterly dividend. The adjustment shifts the payout from 60 cents to 66 cents per share, signaling confidence in the institution’s current capital position and long-term earnings trajectory.
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