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Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share

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Rhea-AI Summary

Southern States Bancshares (NASDAQ: SSBK) has declared a quarterly cash dividend of $0.09 per share on its common stock. The dividend will be payable on August 12, 2024 to shareholders of record as of July 31, 2024. This announcement demonstrates the company's commitment to providing regular returns to its shareholders. Southern States Bancshares is the holding company for Southern States Bank, an Alabama state-chartered commercial bank.

Positive
  • Consistent dividend payment indicates financial stability
  • Providing regular returns to shareholders
Negative
  • None.

ANNISTON, Ala., July 17, 2024 (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 $0.09 per share. The dividend is payable on August 12, 2024 to shareholders of record as of July 31, 2024.

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 13 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


FAQ

What is the dividend amount announced by Southern States Bancshares (SSBK) for Q3 2024?

Southern States Bancshares (SSBK) has announced a quarterly cash dividend of $0.09 per share for Q3 2024.

When is the dividend payable for Southern States Bancshares (SSBK) shareholders?

The dividend is payable on August 12, 2024 for Southern States Bancshares (SSBK) shareholders.

What is the record date for Southern States Bancshares (SSBK) Q3 2024 dividend?

The record date for Southern States Bancshares (SSBK) Q3 2024 dividend is July 31, 2024.

How often does Southern States Bancshares (SSBK) pay dividends?

Based on the announcement of a quarterly dividend, it appears that Southern States Bancshares (SSBK) pays dividends on a quarterly basis.

Southern States Bancshares, Inc. Common

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Banks - Regional
State Commercial Banks
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United States of America
ANNISTON