Page title
Section title
- Dividend Yield
- 1.20%
- Payout Ratio
- 10.26%
- Dividend Amount Per Share
- $0.36
- Last Ex-Dividend Date
- Jul 31, 2024
SSBK Dividend Safety
SSBK paid out 10.26% of its $32M earnings as dividends over the last 12 months.
Safe
Very Unsafe
Unsafe
Somewhat Safe
Safe
Very Safe
Dividend Payout Ratio
SSBK's Dividend Payout Ratio of 10.256% is considered safe for the Financial Services sector, indicating that the company retains enough earnings to support business growth.
Interest Rate Coverage
SSBK's Interest Coverage Ratio of 1.254 poses a risk, signaling financial challenges due to insufficient earnings to cover interest expenses.
Income Quality
SSBK shows excellent income quality with a ratio of 1.213. This indicates high-quality earnings and low risk of dividend cuts.
SSBK Dividend Growth
Southern States Bancshares, Inc.(SSBK) offers a dividend yield of 1.20% and pays $0.36 in dividends per share. Explore the historical dividend growth of SSBK.
Dividend Stability
SSBK has maintained stable dividend payments over the past 3 years with no cuts over 5%.
Dividend Growth
SSBK's dividend payments have shown very poor growth, growing by 0% over the last 5 years.
Earnings Growth
SSBK's earnings have grown by 41.655% annually over the last 5 years. This strong earnings growth suggests a stable and increasing income stream, supporting the sustainability and potential growth of dividend payouts.
SSBK Dividend Yield Attractiveness
Southern States Bancshares, Inc.(SSBK) provides a dividend yield of 1.20%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.
Yield %
1.20%
3.73%
4.13%
Dividend Yield
SSBK's dividend yield of 1.2% is considered good compared to the sector average of 3.73%, providing a strong safety margin for investors.
SSBK Cash Flow
Over the past 12 months, SSBK generated $81M in revenue, produced $35M in free cash flow, and distributed $3M in dividends.
Free Cash Flow Growth
SSBK's free cash flow has grown by 31.951% annually over the last 5 years, indicating a strong ability to generate cash and support dividend payments.
SSBK Free Cash Flow and Dividends Paid
This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by Southern States Bancshares, Inc.. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.