Southern States Bancshares, Inc. Announces Quarterly Cash Dividend of $0.09 Per Share

Rhea-AI Summary

Southern States Bancshares, Inc. (NASDAQ: SSBK) announced a cash dividend of $0.09 per share, payable on August 17, 2022, to shareholders recorded by August 4, 2022. This decision reflects the company's dedication to delivering value to its shareholders. Southern States Bancshares operates through its subsidiary, Southern States Bank, which provides a comprehensive range of banking services across 15 branches in Alabama and Georgia.

Positive

• Declared a cash dividend of $0.09 per share, enhancing shareholder value.
• Demonstrates financial stability and commitment to returning income to shareholders.

Negative

• None.

ANNISTON, Ala., July 20, 2022 (GLOBE NEWSWIRE) -- Southern States Bancshares, Inc. (NASDAQ: SSBK) (“Southern States”), the holding company for Southern States Bank, an Alabama state-chartered commercial bank (the “Bank”), today announced that its Board of Directors has declared a cash dividend on its common stock of $0.09 per share. The dividend is payable on August 17, 2022 to shareholders of record as of August 4, 2022.

About Southern States Bancshares, Inc.
Headquartered in Anniston, Alabama, Southern States Bancshares, Inc. is a bank holding company that operates primarily through its wholly-owned subsidiary, Southern States Bank. The Bank is a full-service community banking institution, which offers an array of deposit, loan and other banking-related products and services to businesses and individuals in its communities. The Bank operates 15 branches in Alabama and Georgia and two loan production offices in Atlanta.

Contact Information:
Lynn Joyce
(205) 820-8065
ljoyce@ssbank.bank

Kevin Dobbs
(310) 622-8245
ssbankir@finprofiles.com

FAQ

What is the dividend amount declared by Southern States Bancshares (SSBK)?

Southern States Bancshares declared a cash dividend of $0.09 per share.

When will the dividend be paid to shareholders of SSBK?

The dividend is payable on August 17, 2022.

What is the record date for SSBK's dividend?

The record date for the dividend is August 4, 2022.

How often does Southern States Bancshares pay dividends?

The frequency of dividends is typically determined by the Board of Directors, based on various factors.

Is the dividend from Southern States Bancshares sustainable?

The sustainability of dividends depends on the company's financial performance and strategic decisions.