$0.12 dividends are now a reality for Summit State Bank (NASDAQ:SSBI) shareholders. Here’s why.

February 14, 2018 - By Nellie Frank

 $0.12 dividends are now a reality for Summit State Bank (NASDAQ:SSBI) shareholders. Here's why.

Summit State Bank (NASDAQ:SSBI) is expected to pay $0.12 on Feb 23, 2018. The indicated annual dividend is $0.48. Shareholders owning the stock before Feb 15, 2018 will be eligible to receive the payout. Based on Summit State Bank’s current price of $13.15, the dividend is 0.91 %. This dividend’s record date is Feb 16, 2018 and the announcement date is Jan 22, 2018. The stock decreased 0.38% or $0.05 during the last trading session, reaching $13.15. About 7,084 shares traded or 6.67% up from the average. Summit State Bank (NASDAQ:SSBI) has risen 15.13% since February 14, 2017 and is uptrending. It has underperformed by 1.57% the S&P500.

Summit State Bank provides various banking products services to individuals, small-to medium-sized businesses, professionals and professional associations, entrepreneurs, high net worth families, foundations, and estates primarily in Sonoma County, California. The company has market cap of $78.00 million. 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. It has a 24.35 P/E ratio. The firm also provides loans, including commercial loans and leases; lines of credit; commercial real estate, small business administration, residential mortgage, and construction loans; and home equity lines of credit, as well as industrial lines of credit and term loans, credit lines to individuals, equipment loans, and business lines of credit.

Another recent and important Summit State Bank (NASDAQ:SSBI) news was published by Globenewswire.com which published an article titled: “Summit State Bank Reports Net Income for 2017 and Declaration of Dividend” on January 23, 2018.

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