Independent Bank Group to be acquired by SouthState Corp. in all-stock transaction valued at $2 billion. Shareholders to receive 0.60 shares of SSB stock per IBTX share. Combined company to have $65B in assets and $8.2B market cap.
By the close of today, February 16, 2024, SouthState (NYSE:SSB) will issue a dividend payout of $0.52 per share, resulting in an annualized dividend yield of 2.52%. Only those investors who owned the stock prior to the ex-dividend date on February 08, 2024 will receive this payout.