Great Southern Bancorp, Inc. (GSBC) Plans Dividend Increase – $0.32 Per Share
Great Southern Bancorp, Inc. (NASDAQ:GSBC) declared a quarterly dividend on Thursday, September 20th, Wall Street Journal reports. Shareholders of record on Monday, October 1st will be paid a dividend of 0.32 per share by the financial services provider on Monday, October 15th. This represents a $1.28 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, September 28th. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.28.
Great Southern Bancorp has raised its dividend by an average of 5.7% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Great Southern Bancorp has a payout ratio of 31.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Great Southern Bancorp to earn $4.04 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 31.7%.
Shares of NASDAQ GSBC opened at $54.60 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 0.73. Great Southern Bancorp has a 52-week low of $48.10 and a 52-week high of $61.65. The stock has a market capitalization of $794.10 million, a price-to-earnings ratio of 14.84 and a beta of 0.91.
GSBC has been the topic of several analyst reports. BidaskClub upgraded shares of Great Southern Bancorp from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 7th. ValuEngine lowered shares of Great Southern Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. Zacks Investment Research lowered shares of Great Southern Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, June 20th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $60.00 price target on shares of Great Southern Bancorp in a research note on Friday, July 20th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. Great Southern Bancorp presently has a consensus rating of “Hold” and a consensus target price of $61.33.
In other Great Southern Bancorp news, VP Linton J. Thomason sold 3,900 shares of the firm’s stock in a transaction that occurred on Thursday, August 9th. The shares were sold at an average price of $60.15, for a total value of $234,585.00. Following the sale, the vice president now owns 7,278 shares in the company, valued at $437,771.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.00% of the stock is currently owned by company insiders.
Great Southern Bancorp Company Profile
Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that offers a range of financial services in the United States. Its deposit products include regular savings accounts, checking accounts, money market accounts, fixed interest rate certificates with varying maturities, certificates of deposits, brokered certificates, and individual retirement accounts.
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