Great Southern Bancorp, Inc. (NASDAQ:GSBC) Plans Dividend Increase - $0.43 Per Share

Key Points

• Great Southern Bancorp, Inc. has announced a quarterly dividend of $0.43 per share, marking a 7.5% increase from the previous dividend of $0.40.
• The company reports a dividend payout ratio of 30.1%, indicating strong coverage by earnings, with projected earnings of $5.33 per share next year.
• Great Southern Bancorp stock was trading at $62.10, showing a significant market performance and maintaining a debt-to-equity ratio of 0.04.

Great Southern Bancorp, Inc. (NASDAQ:GSBC - Get Free Report) announced a quarterly dividend on Wednesday, September 17th, RTT News reports. Shareholders of record on Monday, September 29th will be paid a dividend of 0.43 per share by the financial services provider on Tuesday, October 14th. This represents a c) annualized dividend and a yield of 2.8%. This is a 7.5% increase from Great Southern Bancorp's previous quarterly dividend of $0.40.

Great Southern Bancorp has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Great Southern Bancorp to earn $5.33 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 30.0%.

Great Southern Bancorp Price Performance

Great Southern Bancorp stock traded up $0.13 during midday trading on Wednesday, reaching $62.10. The company had a trading volume of 38,462 shares, compared to its average volume of 30,158. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.93 and a quick ratio of 0.93. The firm's fifty day simple moving average is $60.62 and its 200-day simple moving average is $57.86. Great Southern Bancorp has a 12-month low of $47.57 and a 12-month high of $68.01. The company has a market capitalization of $703.59 million, a P/E ratio of 10.58 and a beta of 0.57.

Great Southern Bancorp (NASDAQ:GSBC - Get Free Report) last posted its earnings results on Wednesday, July 16th. The financial services provider reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.35. Great Southern Bancorp had a net margin of 19.18% and a return on equity of 11.17%. The firm had revenue of $59.18 million during the quarter, compared to the consensus estimate of $55.61 million. As a group, equities analysts anticipate that Great Southern Bancorp will post 5.24 EPS for the current year.

About Great Southern Bancorp

Great Southern Bancorp, Inc operates as a bank holding company for Great Southern Bank that provides 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.

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