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.