Maximizing Investor Returns: SouthState Unleashes Growth Potential with Strong Performance
Portfolio Pulse from Benzinga Insights
SouthState (NASDAQ:SSB) is distributing a dividend of $0.52 per share with an annualized yield of 3.22%. The dividend is for shareholders on record before November 9, 2023. SouthState's dividend yield is moderate compared to its industry peers, with New York Community (NYSE:NYCB) having the highest yield at 7.50%. SouthState has shown a positive trend in dividend per share from $1.24 in 2019 to $1.98 in 2022, and earnings per share growth from $5.50 to $6.79 over the same period, indicating financial health and potential for continued dividend growth.
November 17, 2023 | 3:05 pm
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POSITIVE IMPACT
SouthState's dividend distribution of $0.52 per share and its history of increasing dividends and earnings per share suggest a strong financial position and commitment to returning value to shareholders.
The consistent increase in dividends and earnings per share over the past years indicates a healthy financial situation for SouthState, which is likely to be viewed positively by investors. This could lead to increased investor confidence and a potential short-term uptick in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
New York Community's (NYSE:NYCB) higher annualized dividend yield of 7.50% compared to SouthState's 3.22% positions it as a strong competitor in the industry for income-seeking investors.
While NYCB's higher dividend yield is mentioned, the article focuses more on SouthState's financial health and dividend growth. NYCB is used as a benchmark, and there is no specific news about NYCB that would directly impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50