Great Southern Bancorp boosts dividend, as yield stays above bank sector
Great Southern Bancorp Inc. said Wednesday it has raised its quarterly dividend to by about 14% to 32 cents a share from 28 cents a share. The stock rose 0.4% in midday trade. The new dividend is payable Oct. 15 to shareholders of record on Oct. 1. The new annual dividend rate implies a dividend yield of 2.24%, compared with the yield for the SPDR S&P Bank ETF of 1.45% and the implied yield for the S&P 500 of 1.76%, according to FactSet. Great Southern's stock has rallied 10.4% year to date, while the bank ETF has edged up 2.9% and the S&P 500 has gained 8.8%.
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