Southside Bancshares (SBSI) Ex-Dividend Date Approaching: Key Details

Ex-Dividend Date and Payment Schedule

Southside Bancshares, Inc. (NYSE: SBSI) is set to trade ex-dividend on August 20. Investors who purchase shares on or before August 19 will be eligible for the upcoming dividend payment of $0.37 per share, which is scheduled to be distributed on September 3. The ex-dividend date is one business day before the record date, which determines shareholders of record for the payment.

Dividend Yield and Payout Ratio

Over the trailing 12 months, Southside Bancshares has paid total dividends of $1.44 per share. Based on the current share price of $33.08, this equates to a trailing dividend yield of 4.4%. The company's payout ratio stands at 57% of its earnings, indicating that dividends are covered by profits, though with limited room for growth.

Dividend Growth and Earnings Trends

Southside Bancshares has increased its dividend at an average annual rate of approximately 4.5% over the past decade. However, the company's earnings per share have remained essentially flat over the last five years. This combination of stagnant earnings and a moderate payout ratio suggests that future dividend increases may be constrained unless earnings growth improves.

For a detailed view of the company's dividend payment history, see the dividend history. To calculate potential returns or analyze dividend reinvestment, use the SBSI dividend calculator.

What it means for income investors

Southside Bancshares offers a solid yield with a payout ratio that is within a sustainable range. However, the lack of earnings growth over the past five years may limit future dividend increases, making it important for income-focused investors to monitor the company's profitability trends.

Reporting based on: simplywall.st. Figures verified against market data where available.