Southside Bancshares (SBSI) Declares $0.14 Quarterly Dividend; 2.8% Yield; Also Declares Special $0.20 Dividend

November 12, 2009 6:01 PM EST

Southside Bancshares, Inc., (NASDAQ: SBSI) declared a special cash dividend of $0.20 per common share in addition to declaring a regular quarterly cash dividend of $0.14 per share, or $0.56 annualized.

The combined $0.34 per share cash dividend is payable to common stock shareholders of record November 25, 2009. The cash dividend is scheduled for payment on December 10, 2009. The ex-dividend date is November 23, 2009.

Yield on the quarterly dividend is 2.8%.

Southside Bancshares, Inc. is a bank holding company with approximately $2.9 billion in assets that owns 100% of Southside Bank. Southside Bank currently has 44 banking centers in Texas and operates a network of 47 ATMs.


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