Reminder - Summit State Bank (SSBI) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 5/13/13, Summit State Bank ( SSBI) will trade ex-dividend, for its quarterly dividend of $0.11, payable on 5/23/13. As a percentage of SSBI's recent stock price of $9.04, this dividend works out to approximately 1.22%, so look for shares of Summit State Bank to trade 1.22% lower — all else being equal — when SSBI shares open for trading on 5/13/13.

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Below is a dividend history chart for SSBI, showing historical dividends prior to the most recent $0.11 declared by Summit State Bank:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SSBI is likely to continue, and whether the current estimated yield of 4.87% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of SSBI shares, versus its 200 day moving average:

Summit State Bank 200 Day Moving Average Chart

Looking at the chart above, SSBI's low point in its 52 week range is $5.56 per share, with $9.95 as the 52 week high point — that compares with a last trade of $9.04.

In Thursday trading, Summit State Bank shares are currently up about 0.4% on the day.