South State hikes dividend by 4.3%

South State Corporation (SSB) will raise its quarterly dividend 4.3 percent to 49 cents per share in 2021. This comes after a dividend hike of 2.2 percent to $0.47 per share in the first quarter of 2020. In 2019 the bank holding company hiked its dividend four times.

The next dividend will be payable on August 19, 2021 to shareholders of record as of August 12, 2021. A new annual rate of $1.96 per share yields 2.9% at a stock price of $68.84.

South State Corporation (South State) is a financial services company. South State Bank, the company’s primary subsidiary, provides consumer, commercial, mortgage and wealth management solutions throughout the Carolinas, Georgia and Virginia. South State Corporation, headquartered in Columbia, South Carolina, is a bank holding company incorporated in 1985. South State Bank originally began operating in 1934 in Orangeburg, South Carolina.