Summit State Bank Empowers Investors with Solid Returns and Fueling Shareholder Value
Portfolio Pulse from Benzinga Insights
Summit State Bank (NASDAQ:SSBI) is distributing a dividend of $0.12 per share, translating to an annualized dividend yield of 2.77%. The company has shown a notable growth in its dividend per share from $0.44 to $0.48 during 2019 to 2022. The earnings per share also increased from $0.85 in 2019 to $2.40 in 2022. United Security (NASDAQ:UBFO) has the highest annualized dividend yield at 6.74% among its industry peers.
August 17, 2023 | 3:05 pm
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POSITIVE IMPACT
Summit State Bank is distributing a dividend of $0.12 per share, indicating a strong financial position. The company's dividend and earnings per share have shown growth from 2019 to 2022.
The company's decision to distribute dividends and the growth in dividends and earnings per share indicate a strong financial position, which is likely to attract investors and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
United Security boasts the highest annualized dividend yield at 6.74% among its industry peers.
United Security's high annualized dividend yield compared to its peers could make it attractive to income-seeking investors, potentially driving its stock price up in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50