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Tyler, Texas-based SouthsideBancshares Inc. increased its regular quarterly cash dividend to 24cents per share, according to a May 5 news release.

The dividend is payable June 2 to shareholders of record May19. As per SNL data, the previous dividend stood at 23 cents per share.

The company is also paying out a 5% common stock dividend payableJune 28 to common shareholders of record May 31.