Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) Raises Dividend to $0.27 Per Share

Southern Missouri Bancorp, Inc. (NASDAQ:SMBC) announced a quarterly dividend on Wednesday, July 22nd. Investors of record on Friday, August 14th will be given 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 raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 13 consecutive years. Southern Missouri Bancorp has a dividend payout ratio of 18.0% indicating that its dividend is sufficiently covered by earnings. 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%

Shares of SMBC stock opened at $75.41 on Thursday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.22. Southern Missouri Bancorp has a 12 month low of $47.60 and a 12 month high of $78.48. The stock has a 50 day moving average of $72.42 and a 200-day 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:SMBC) last released its earnings results on Wednesday, July 22nd. The savings and loans company reported $1.83 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.31. Southern Missouri Bancorp had a net margin of 21.36% and a return on equity of 12.05%. The business had revenue of $51.77 million during the quarter, compared to analysts’ expectations of $51.14 million. On average, equities analysts predict that Southern Missouri Bancorp will post 6.25 EPS for the current year.

Southern Missouri Bancorp Company Profile

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.