Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 per Share
Rhea-AI Summary
Southern States Bancshares (NASDAQ: SSBK) has announced that its Board of Directors declared a quarterly cash dividend of $0.09 per share on its common stock. The dividend will be paid on February 14, 2025, to shareholders of record as of February 3, 2025. Southern States Bancshares is the holding company for Southern States Bank, an Alabama state-chartered commercial bank.
Positive
- Regular quarterly dividend payment demonstrates financial stability
- $0.09 per share dividend provides steady income stream to shareholders
Negative
- None.
News Market Reaction – SSBK
In the trading session that priced this news, SSBK declined 2.85%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
ANNISTON, Ala., Jan. 15, 2025 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today announced that its Board of Directors has declared a cash dividend on its common stock of
About Southern States Bancshares, Inc.
Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in its communities. The Bank operates fifteen branches in Alabama and Georgia and two loan production offices in Atlanta.
Contact Information:
Lynn Joyce
(205) 820-8065
ljoyce@ssbank.bank
Margaret Boyce
(310) 622-8247
ssbankir@finprofiles.com
