Great Southern Bancorp, Inc. (GSBC) Raises Dividend to $0.32 Per Share

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Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced 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 annualized dividend and a yield of 2.48%. The ex-dividend date is Friday, September 28th. This is a boost 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 increased its dividend annually for the last 4 consecutive years. Great Southern Bancorp has a dividend payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Equities 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 GSBC traded down $1.26 during midday trading on Friday, reaching $51.56. 32,181 shares of the stock were exchanged, compared to its average volume of 25,420. Great Southern Bancorp has a twelve month low of $48.10 and a twelve month high of $61.65. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $782.78 million, a P/E ratio of 14.01 and a beta of 0.90.

Great Southern Bancorp (NASDAQ:GSBC) last posted its earnings results on Wednesday, July 18th. The financial services provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.03. Great Southern Bancorp had a return on equity of 10.84% and a net margin of 23.35%. The company had revenue of $48.67 million during the quarter, compared to the consensus estimate of $47.32 million. On average, equities research analysts predict that Great Southern Bancorp will post 4.02 earnings per share for the current fiscal year.

GSBC has been the topic of a number of recent analyst reports. BidaskClub upgraded Great Southern Bancorp from a “hold” rating to a “buy” rating in a research report on Friday, July 6th. Zacks Investment Research cut Great Southern Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, June 20th. ValuEngine cut Great Southern Bancorp from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $60.00 target price on shares of Great Southern Bancorp in a research report on Friday, July 20th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $61.33.

In other Great Southern Bancorp news, VP Linton J. Thomason sold 3,900 shares of Great Southern Bancorp stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $60.15, for a total value of $234,585.00. Following the transaction, the vice president now owns 7,278 shares in the company, valued at $437,771.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 23.00% of the company’s stock.

About Great Southern Bancorp

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.

Read More: Why Dividend Stocks May Be Right for You

Dividend History for Great Southern Bancorp (NASDAQ:GSBC)

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