Summit State Bank Declares Quarterly Dividend of $0.12 (SSBI)

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Summit State Bank (NASDAQ:SSBI) announced a quarterly dividend on Tuesday, January 29th, NASDAQ reports. Investors of record on Tuesday, February 19th will be given a dividend of 0.12 per share by the bank on Tuesday, February 26th. This represents a $0.48 dividend on an annualized basis and a yield of 3.90%. The ex-dividend date is Friday, February 15th.

Summit State Bank has increased its dividend by an average of 7.7% per year over the last three years.

Summit State Bank stock opened at $12.31 on Friday. Summit State Bank has a 1 year low of $10.65 and a 1 year high of $16.10. The firm has a market capitalization of $73.01 million, a P/E ratio of 12.82 and a beta of 0.40.

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About Summit State Bank

Summit State Bank provides various banking products and services to individuals and businesses primarily in Sonoma County, California. It offers personal and business checking, money market, sweep, savings, and demand accounts; time certificates of deposit; and specialized deposit accounts, such as professional, small business packaged, tiered, and Keogh and individual retirement accounts.

Read More: What type of investment options does a Roth IRA provide?

Dividend History for Summit State Bank (NASDAQ:SSBI)

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