Great Southern Bancorp, Inc. (NASDAQ:GSBC) Increases Dividend to $0.40 Per Share

Great Southern Bancorp, Inc. (NASDAQ:GSBCGet Rating) declared a quarterly dividend on Thursday, June 16th, Wall Street Journal reports. Investors of record on Monday, June 27th will be given a dividend of 0.40 per share by the financial services provider on Tuesday, July 12th. This represents a $1.60 annualized dividend and a dividend yield of 2.77%. The ex-dividend date is Friday, June 24th. This is an increase from Great Southern Bancorp’s previous quarterly dividend of $0.36.

Great Southern Bancorp has raised its dividend by an average of 5.3% per year over the last three years and has increased its dividend every year for the last 1 years. Great Southern Bancorp has a dividend payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect Great Southern Bancorp to earn $5.80 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 24.8%.

NASDAQ GSBC opened at $57.70 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.17. The firm has a market cap of $743.75 million, a PE ratio of 10.71 and a beta of 0.81. The company has a 50 day moving average price of $58.15 and a 200 day moving average price of $59.11. Great Southern Bancorp has a 52 week low of $49.53 and a 52 week high of $62.70.

Great Southern Bancorp (NASDAQ:GSBCGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.20 by $0.10. The firm had revenue of $52.44 million during the quarter, compared to analyst estimates of $51.34 million. Great Southern Bancorp had a net margin of 31.29% and a return on equity of 11.86%. During the same quarter in the previous year, the business posted $1.36 EPS. On average, equities research analysts anticipate that Great Southern Bancorp will post 5.39 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the business. Deutsche Bank AG increased its stake in Great Southern Bancorp by 5.4% during the 4th quarter. Deutsche Bank AG now owns 6,437 shares of the financial services provider’s stock valued at $381,000 after purchasing an additional 331 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Great Southern Bancorp by 0.5% in the 1st quarter. LSV Asset Management now owns 92,914 shares of the financial services provider’s stock valued at $5,483,000 after acquiring an additional 500 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Great Southern Bancorp by 72.1% in the 3rd quarter. Royal Bank of Canada now owns 1,248 shares of the financial services provider’s stock valued at $69,000 after acquiring an additional 523 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Great Southern Bancorp by 107.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,882 shares of the financial services provider’s stock valued at $158,000 after acquiring an additional 1,492 shares during the last quarter. Finally, Citigroup Inc. boosted its holdings in shares of Great Southern Bancorp by 76.5% in the 4th quarter. Citigroup Inc. now owns 3,769 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 1,633 shares during the last quarter. Institutional investors and hedge funds own 46.49% of the company’s stock.

Separately, StockNews.com started coverage on shares of Great Southern Bancorp in a research note on Thursday, March 31st. They set a “hold” rating on the stock.

About Great Southern Bancorp (Get Rating)

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.

See Also

Dividend History for Great Southern Bancorp (NASDAQ:GSBC)

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