Summit State Bank (NASDAQ:SSBI) Announces $0.04 Quarterly Dividend

Summit State Bank (NASDAQ:SSBI) declared a quarterly dividend on Wednesday, September 11th, Zacks reports. Stockholders of record on Thursday, October 3rd will be paid a dividend of 0.04 per share by the bank on Thursday, October 10th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend is Thursday, October 3rd.

Summit State Bank has raised its dividend payment by an average of 3.2% annually over the last three years.

Summit State Bank Stock Performance

Shares of Summit State Bank stock opened at $8.38 on Friday. Summit State Bank has a 1 year low of $7.78 and a 1 year high of $16.52. The company’s fifty day simple moving average is $9.11 and its 200-day simple moving average is $9.62.

Summit State Bank (NASDAQ:SSBI) last issued its quarterly earnings results on Wednesday, July 31st. The bank reported $0.14 earnings per share for the quarter. The company had revenue of $7.90 million during the quarter.

Summit State Bank Company Profile

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 retirement plan accounts.