Southside Bancshares (SBSI) Hikes Dividend Payout by 2.9% [Yahoo! Finance]
Southside Bancshares, Inc. (SBSI)
Last southside bancshares, inc. earnings: 1/31 06:30 am
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US:NASDAQ Investor Relations:
southside.com/investor-relations-proxy
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Source: Yahoo! Finance
This dividend will be paid out on Feb 29, 2024, to shareholders on record as of Feb 15. SBSI hiked its dividend by 2.9% to 35 cents per share in February 2023. The current dividend marks the fourth hike in the past three years. Also, the company has five-year annualized dividend growth of 3.45%. Currently, SBSI's payout ratio is 49% of earnings. Given yesterday's closing price of $29.80, Southside Bancshares currently has a dividend yield of 4.70%, which is above the industry average of 0.61%. Lee R. Gibson, president and CEO of SBSI, stated, “We are proud to continue our long history of increases to quarterly dividend.” Southside Bancshares has consistently maintained the trend to announce the special cash dividend annually in November, since 2005. In 2023, a dividend of 2 cents per share was paid to the shareholders. Furthermore, the company has a share repurchase program in place. In March 2022, the company announced a buyback plan to purchase up to one million shares.
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SBSI
News
- Southside Bancshares, Inc. (NASDAQ:SBSI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Southside Bancshares First Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Southside Bancshares, Inc. Announces Financial Results for the First Quarter Ended March 31, 2024GlobeNewswire
- Southside Bancshares, Inc. Announces First Quarter Earnings CallGlobeNewswire
- Pleasing Signs As A Number Of Insiders Buy Southside Bancshares Stock [Yahoo! Finance]Yahoo! Finance
SBSI
Earnings
- 4/25/24 - Miss
SBSI
Sec Filings
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- 4/22/24 - Form 3
- SBSI's page on the SEC website