Great Southern Bancorp, Inc. (NASDAQ:GSBC) announced a quarterly dividend on Thursday, September 20th, Wall Street Journal reports. Stockholders of record on Monday, October 1st will be given a dividend of 0.32 per share by the financial services provider on Monday, October 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.34%. 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 payment by an average of 5.7% annually over the last three years and has raised its dividend every year for the last 4 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 $4.04 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%.
GSBC stock opened at $54.60 on Thursday. The firm has a market cap of $794.10 million, a PE ratio of 14.84 and a beta of 0.91. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.12 and a quick ratio of 1.12. Great Southern Bancorp has a 52 week low of $48.10 and a 52 week high of $61.65.
In other news, VP Linton J. Thomason sold 3,900 shares of the firm’s stock in a transaction dated Thursday, August 9th. The stock was sold at an average price of $60.15, for a total transaction of $234,585.00. Following the completion of the sale, the vice president now directly owns 7,278 shares in the company, valued at $437,771.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.00% of the stock is owned by company insiders.
GSBC has been the subject of several recent research reports. BidaskClub downgraded Great Southern Bancorp from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 16th. ValuEngine upgraded Great Southern Bancorp from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $60.00 price target on shares of Great Southern Bancorp in a report on Friday, July 20th. Finally, Zacks Investment Research downgraded Great Southern Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, June 20th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $61.33.
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.
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