Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) to Issue Quarterly Dividend of $0.27

Key Points

• Southern Missouri Bancorp declared a quarterly dividend of $0.27 per share, payable November 30 to shareholders of record on November 13. The annualized dividend is $1.08 per share, representing a 1.5% yield.
• The company has increased its dividend for 13 consecutive years, with a 19.4% payout ratio indicating strong earnings coverage. Analysts expect a forward payout ratio of approximately 15.4%.
• Southern Missouri Bancorp reported quarterly EPS of $1.73, exceeding estimates of $1.66, while revenue of $53.09 million also topped expectations. Its stock rose 2.6% to $72.33 during mid-day trading.

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC - Get Free Report) declared a quarterly dividend on Wednesday, October 21st. Investors of record on Friday, November 13th will be paid a dividend of $0.27 per share by the savings and loans company on Monday, November 30th. This represents a $1.08 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Friday, November 13th.

Southern Missouri Bancorp has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 13 years. Southern Missouri Bancorp has a payout ratio of 19.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Southern Missouri Bancorp to earn $7.03 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 15.4%.

Southern Missouri Bancorp Stock Up 2.6%

NASDAQ SMBC traded up $1.86 during mid-day trading on Thursday, reaching $72.33. 42,878 shares of the company's stock traded hands, compared to its average volume of 86,491. Southern Missouri Bancorp has a 1-year low of $50.45 and a 1-year high of $79.86. The company has a fifty day simple moving average of $72.60 and a 200-day simple moving average of $72.10. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.25. The company has a market cap of $796.52 million, a price-to-earnings ratio of 11.25 and a beta of 0.87.

Southern Missouri Bancorp (NASDAQ:SMBC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 21st. The savings and loans company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.66 by $0.07. Southern Missouri Bancorp had a return on equity of 12.59% and a net margin of 22.63%. The company had revenue of $53.09 million for the quarter, compared to the consensus estimate of $52.60 million. As a group, equities research analysts expect that Southern Missouri Bancorp will post 6.66 EPS for the current year.

Southern Missouri Bancorp Company Profile

Southern Missouri Bancorp, Inc is a bank holding company headquartered in Poplar Bluff, Missouri. Through its subsidiary, Southern Bank, the company provides community banking services to individuals, families, businesses and organizations.

Southern Bank offers deposit products, including checking, savings, money market and certificate of deposit accounts, along with residential mortgage, commercial real estate, construction, commercial and industrial, agricultural and consumer loans. Its services also include online and mobile banking, treasury management, debit cards and other financial services designed to support personal and business banking needs.

Southern Missouri Bancorp has built its operations through organic growth and acquisitions, expanding Southern Bank's presence across Missouri and neighboring Midwestern and Southern markets.

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