Dividend On Watch: South State Corporation (NASDAQ:SSB) dividends of $0.32 are projected for the near future; this is why.

Dividend On Watch: South State Corporation (NASDAQ:SSB) dividends of $0.32 are projected for the near future; this is why.

South State Corporation (NASDAQ:SSB) is expected to pay $0.32 on Nov 18, 2016. The indicated annual dividend is $1.28. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on South State Corporation’s current price of $71.20, the dividend is 0.45%. This dividend’s record date is Nov 11, 2016 and the announcement date is Oct 21, 2016. The stock decreased 0.14% or $0.1 on November 4, hitting $71.2. South State Corporation (NASDAQ:SSB) has risen 12.41% since April 5, 2016 and is uptrending. It has outperformed by 10.45% the S&P500.

South State Corporation (NASDAQ:SSB) Ratings Coverage

Out of 4 analysts covering South State Corp (NASDAQ:SSB), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. South State Corp has been the topic of 5 analyst reports since July 28, 2015 according to StockzIntelligence Inc. As per Wednesday, December 2, the company rating was initiated by Stephens. The stock of South State Corporation (NASDAQ:SSB) earned “Outperform” rating by Wood on Monday, June 20. The rating was initiated by Piper Jaffray on Monday, September 21 with “Neutral”. The rating was upgraded by FIG Partners on Monday, January 25 to “Outperform”.

More notable recent South State Corporation (NASDAQ:SSB) news were published by: Businesswire.com which released: “South State Corporation Announces Merger with Southeastern Bank Financial …” on June 17, 2016, also Businesswire.com with their article: “South State Corporation Announces Early Termination of the Loss Share …” published on June 23, 2016, Seekingalpha.com published: “South State Corporation (SSB) CEO Robert Hill on Q3 2016 Results – Earnings …” on October 21, 2016. More interesting news about South State Corporation (NASDAQ:SSB) were released by: Businesswire.com and their article: “Martin B. Davis Appointed to South State Corporation Board” published on May 17, 2016 as well as Businesswire.com‘s news article titled: “South State Corporation to Announce Third Quarter 2016 Financial Results and …” with publication date: September 28, 2016.

SSB Company Profile

South State Corporation (South State), formerly First Financial Holdings, Inc., incorporated on February 22, 1985, is a bank holding company. The Firm provides a range of banking services and products to its clients through its bank subsidiary, South State Bank (the Bank), a South Carolina-chartered commercial bank. The Bank provides a range of retail and commercial banking services, mortgage lending services, trust and investment services, and consumer finance loans. The Firm serves clients and conducts its business from over 120 financial centers in over 20 South Carolina counties, over four North Carolina counties, over 10 northeast Georgia counties and approximately two coastal Georgia counties. Through the Bank, the Company provides its clients with checking accounts, Negotiable Order of Withdrawal (NOW) accounts, savings and time deposits of various types, brokerage services and alternative investment products, such as annuities and mutual funds, trust and asset management services, business loans, agriculture loans, real estate loans, personal use loans, home improvement loans, automobile loans, credit cards, letters of credit, home equity lines of credit, safe deposit boxes, bank money orders, wire transfer services, correspondent banking services and use of automated teller machine (ATM) facilities.

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