Thriving with Robust Performance: SouthState Delivers Growing Profits to Investors
Portfolio Pulse from Benzinga Insights
SouthState (NYSE:SSB) announced a dividend payout of $0.52 per share with an annualized yield of 2.52%, payable on February 16, 2024, to shareholders of record as of February 08, 2024. The company has shown a consistent increase in dividends per share from $1.88 in 2020 to $2.04 in 2023, alongside an earnings growth from $4.77 to $7.08 per share over the same period. This performance places SouthState in a solid financial position, suggesting potential for future dividend increases. Truist Finl (NYSE:TFC) has the highest annualized dividend yield among peers at 5.73%.
February 16, 2024 | 3:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Truist Finl boasts the highest annualized dividend yield among its peers at 5.73%, indicating a strong position for income-seeking investors.
While the article mentions Truist Finl's high dividend yield, it does not provide specific financial data or growth indicators for TFC, making it difficult to predict the short-term impact on its stock price based solely on this information.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
SouthState's consistent dividend growth and earnings increase indicate a strong financial position, suggesting potential for future dividend increases.
The consistent increase in dividends and earnings per share from 2020 to 2023 demonstrates SouthState's financial stability and commitment to returning value to shareholders, which is likely to positively influence its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100