Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Announces Dividend Increase – $0.27 Per Share

Southern Missouri Bancorp, Inc. (NASDAQ:SMBCGet Free Report) declared a quarterly dividend on Wednesday, July 22nd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.27 per share by the savings and loans company on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, August 14th. This is a 8.0% increase from Southern Missouri Bancorp’s previous quarterly dividend of $0.25.

Southern Missouri Bancorp has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 13 years. Southern Missouri Bancorp has a dividend payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Southern Missouri Bancorp to earn $6.85 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 14.6%.

Southern Missouri Bancorp Stock Down 1.4%

SMBC stock opened at $75.41 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.22. Southern Missouri Bancorp has a 1 year low of $47.60 and a 1 year high of $78.48. The company has a fifty day simple moving average of $72.42 and a 200 day simple moving average of $66.98. The firm has a market cap of $831.02 million, a PE ratio of 12.59 and a beta of 0.86.

Southern Missouri Bancorp (NASDAQ:SMBCGet Free Report) last posted its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 EPS for the quarter, topping the consensus estimate of $1.52 by $0.31. The firm had revenue of $51.77 million for the quarter, compared to the consensus estimate of $51.14 million. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. Sell-side analysts anticipate that Southern Missouri Bancorp will post 6.25 EPS for the current fiscal year.

About Southern Missouri Bancorp

(Get Free Report)

Southern Missouri Bancorp, Inc (NASDAQ: SMBC) is a bank holding company headquartered in West Plains, Missouri, serving as the parent of Southern Bank. The company focuses on delivering community banking services to individual and commercial customers across southern Missouri and northern Arkansas. It operates branch offices in local markets and provides a comprehensive suite of deposit and lending products tailored to both urban and rural communities.

Through its subsidiary, Southern Bank, the company offers deposit products such as checking and savings accounts, money market accounts and certificates of deposit, alongside digital and mobile banking platforms.

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Dividend History for Southern Missouri Bancorp (NASDAQ:SMBC)

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