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Summit State Bank (SSBI) Dividend Yield, Date & History

Summit State Bank logo
$7.44 -0.21 (-2.75%)
(As of 01/2/2025 05:21 PM ET)

Summit State Bank Dividend Summary

Dividend Yield
2.15%
Annual Dividend
$0.16
Recent
Dividend Payment
Oct. 10
Annualized 3-Year
Dividend Growth
-14.45%
Dividend Payout Ratio
22.22%

Summit State Bank (SSBI) pays an annual dividend of $0.16 per share, with a dividend yield of 2.15%. The next quarterly payment of $0.04 per share was paid on Thursday, October 10, to investors who owned the stock before the ex-dividend date of Thursday, October 3. The company currently pays out 22.22% of its earnings as dividends.

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SSBI Dividend Payments by Quarter

The chart below displays up to four years of Summit State Bank's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

SSBI Dividend Yield Over Time

The chart below tracks Summit State Bank's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Summit State Bank vs. The Competition

Compare Summit State Bank's annual dividend, yield, and 3-year growth rate with averages for Finance and NASDAQ companies to evaluate its performance against the market.

TypeSummit State BankFinance CompaniesNASDAQ Companies
Annual Dividend$0.16$0.02$1.25
Dividend Yield2.15%5.68%4.12%
Annualized 3-Year Dividend Growth-14.45%12.69%13.40%

Summit State Bank Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings22.22%

Summit State Bank Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
9/11/2024Quarterly$0.04-$0.08
66.67%
1.91%10/3/202410/3/202410/10/2024
4/29/2024quarterly$0.12 - 4.9%5/15/20245/16/20245/23/2024
1/29/2024Quarterly$0.12 - 4.02%2/7/20242/8/20242/15/2024
10/24/2023Quarterly$0.12 - 3.56%11/8/202311/9/202311/16/2023
7/24/2023Quarterly$0.12 - 2.84%8/9/20238/10/20238/17/2023
4/24/2023Quarterly$0.12 - 3.38%5/10/20235/11/20235/18/2023
1/24/2023quarterly$0.12 - 3%2/8/20232/9/20232/16/2023

This table shows Summit State Bank's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Summit State Bank Dividend - Frequently Asked Questions

The current dividend yield for Summit State Bank is 2.15%. Learn more on SSBI's dividend yield history.

The annual dividend for SSBI shares is $0.16. Learn more on SSBI's annual dividend history.

Summit State Bank pays quarterly dividends to shareholders.

Summit State Bank's most recent quarterly dividend payment of $0.04 per share was made to shareholders on Thursday, October 10, 2024.

Summit State Bank's most recent ex-dividend date was Thursday, October 3, 2024.

Over the past three years, the company's dividend has not grown. It has decreased by -14.45%.

The most recent change in the company's dividend was a decrease of $0.08 on Wednesday, September 11, 2024.

The dividend payout ratio for SSBI is:
  • 22.22% based on the trailing year of earnings

Summit State Bank's dividend yield of 2.13% is lower than the average Finance company that issues a dividend. Summit State Bank's dividend payout ratio of 22.22% is at a healthy, sustainable level, below 75% of its earnings.


This page (NASDAQ:SSBI) was last updated on 1/3/2025 by MarketBeat.com Staff
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