Great Southern Bancorp, Inc. (GSBC) to Issue Quarterly Dividend of $0.32 on July 16th

Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Wednesday, June 19th, NASDAQ reports. Investors of record on Monday, July 1st will be given a dividend of 0.32 per share by the financial services provider on Tuesday, July 16th. This represents a $1.28 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Friday, June 28th.

Great Southern Bancorp has raised its dividend by an average of 10.1% per year over the last three years and has raised its dividend annually for the last 5 consecutive years. Great Southern Bancorp has a payout ratio of 31.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Great Southern Bancorp to earn $4.50 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 28.4%.

GSBC opened at $58.61 on Wednesday. The business has a 50 day moving average of $57.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.04 and a quick ratio of 1.03. Great Southern Bancorp has a 1 year low of $43.30 and a 1 year high of $61.65. The firm has a market capitalization of $825.38 million, a PE ratio of 11.68 and a beta of 1.06.

Great Southern Bancorp (NASDAQ:GSBC) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.09 by $0.14. Great Southern Bancorp had a net margin of 28.15% and a return on equity of 13.74%. The firm had revenue of $52.06 million for the quarter, compared to analyst estimates of $50.30 million. On average, research analysts expect that Great Southern Bancorp will post 4.57 earnings per share for the current year.

GSBC has been the topic of several research reports. Zacks Investment Research lowered shares of Great Southern Bancorp from a “strong-buy” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub upgraded shares of Great Southern Bancorp from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st.

In related news, CEO Joseph W. Turner sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $56.25, for a total value of $337,500.00. Following the transaction, the chief executive officer now owns 143,682 shares in the company, valued at $8,082,112.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John M. Bugh sold 1,000 shares of Great Southern Bancorp stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $56.71, for a total transaction of $56,710.00. Following the sale, the vice president now owns 2,790 shares in the company, valued at approximately $158,220.90. The disclosure for this sale can be found here. Insiders sold 14,230 shares of company stock worth $816,751 in the last 90 days. 23.23% of the stock is currently owned by 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 deposit, brokered certificates, and individual retirement accounts.

Further Reading: Correction

Dividend History for Great Southern Bancorp (NASDAQ:GSBC)

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