Southern States Bancshares Approves Cash Dividend of $0.09 Per Share
Southern States Bancshares, Inc. has announced that its Board of Directors has approved a cash dividend of $0.09 per share. The announcement comes as part of the company’s ongoing efforts to deliver value to its shareholders.
Southern States Bank to Pay Dividend to Shareholders on February 15
The cash dividend is scheduled to be paid on February 15, 2024, to shareholders who are on record as of February 2, 2024. This is great news for shareholders of Southern States Bancshares, as they will soon benefit from the dividend payout.
Southern States Bancshares Continues Efforts to Deliver Value to Shareholders
Southern States Bancshares operates as a bank holding company, primarily through its wholly-owned subsidiary, Southern States Bank. The company is dedicated to providing a variety of banking services, including deposit accounts, loans, and other financial products, to individuals and businesses within its markets.
By approving a cash dividend, Southern States Bancshares demonstrates its commitment to delivering value and rewarding its shareholders. This move reflects the company’s positive financial performance and its ability to generate profits.
Southern States Bank’s Network Includes 13 Branches in Alabama and Georgia
Southern States Bank maintains a network of 13 branches across Alabama and Georgia. This extensive network allows the bank to serve a wide range of customers and communities, providing convenient access to its banking services.
In addition to its branches, Southern States Bank also operates two loan production offices in Atlanta. These offices allow the bank to expand its lending activities and cater to the needs of businesses and individuals in the vibrant Atlanta market.
Southern States Bancshares Highlights Ongoing Commitment to Shareholders
With the approval of the cash dividend, Southern States Bancshares emphasizes its ongoing commitment to its shareholders. The company recognizes the importance of rewarding its investors for their support and trust in the bank’s operations.
By delivering value to shareholders through dividends, Southern States Bancshares strengthens its relationship with investors and encourages long-term investment. This commitment to shareholders further solidifies the bank’s reputation as a reliable and customer-focused institution.
In conclusion, Southern States Bancshares has approved a cash dividend of $0.09 per share, demonstrating its commitment to delivering value to its shareholders. The dividend payout is scheduled to be made on February 15, 2024, to shareholders on record as of February 2, 2024. Southern States Bancshares’ network of 13 branches across Alabama and Georgia, along with its two loan production offices in Atlanta, allows the bank to serve a wide range of customers and communities. By approving the cash dividend, Southern States Bancshares highlights its ongoing commitment to its shareholders and reinforces its position as a reliable and customer-focused institution.
Analyst comment
Positive news. Analyst: The market is likely to react positively to the announcement of a cash dividend, as it demonstrates the company’s commitment to delivering value to its shareholders. This move reflects the company’s positive financial performance and may encourage long-term investment. The bank’s extensive branch network and loan production offices also position it well to serve a wide range of customers and communities.
