Great Southern Bancorp, Inc. announces special cash dividend of $0.75 per common share
23 January 2019 - 11:00PM
The Board of Directors of Great Southern Bancorp, Inc.
(NASDAQ:GSBC), the holding company for Great Southern Bank,
declared a special cash dividend of $0.75 per common share. The
special cash dividend will be payable on February 19, 2019, to
shareholders of record on February 4, 2019.
Great Southern President and CEO Joseph W. Turner said, “This
special dividend reflects the Company’s recent operating
performance, strong financial condition and commitment to
delivering long-term shareholder value. It also underscores our
continued efforts to actively manage our capital position while
maintaining sufficient capacity for organic growth and other
potential corporate initiatives.”
The Company declared four quarterly regular cash dividends
totaling $1.24 per common share in 2018.
With total assets of $4.6 billion, Great Southern offers a broad
range of banking services to commercial and consumer customers.
Headquartered in Springfield, Mo., the Company operates 99 retail
banking centers in Missouri, Arkansas, Iowa, Kansas, Minnesota and
Nebraska, and commercial loan production offices in Atlanta,
Chicago, Dallas, Denver, Omaha, Neb., and Tulsa, Okla. Great
Southern Bancorp is a public company and its common stock (ticker:
GSBC) is listed on the NASDAQ Global Select Market.
www.GreatSouthernBank.com
Forward-Looking Statements
When used in this press release and in other documents filed or
furnished by Great Southern Bancorp, Inc.(the “Company”) with the
Securities and Exchange Commission (the "SEC"), in the Company's
press releases or other public or stockholder communications, and
in oral statements made with the approval of an authorized
executive officer, the words or phrases "will likely result," "are
expected to," "will continue," "is anticipated," "estimate,"
"project," "intends" or similar expressions are intended to
identify "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such statements
are subject to certain risks and uncertainties, including, among
other things, (i) the possibility that the changes in non-interest
income, non-interest expense and interest expense actually
resulting from Great Southern Bank's recently completed transaction
with West Gate Bank might be materially different from estimated
amounts; (ii) the possibility that the actual reduction in the
Company’s effective tax rate expected to result from H. R. 1,
formerly known as the “Tax Cuts and Jobs Act” (the “Tax Reform
Legislation”) might be different from the reduction estimated by
the Company; (iii) expected revenues, cost savings, earnings
accretion, synergies and other benefits from the Company's
merger and acquisition activities might not be realized within the
anticipated time frames or at all, and costs or difficulties
relating to integration matters, including but not limited to
customer and employee retention, might be greater than expected;
(iv) changes in economic conditions, either nationally or in the
Company's market areas; (v) fluctuations in interest rates; (vi)
the risks of lending and investing activities, including changes in
the level and direction of loan delinquencies and write-offs and
changes in estimates of the adequacy of the allowance for loan
losses; (vii) the possibility of other-than-temporary impairments
of securities held in the Company's securities portfolio; (viii)
the Company's ability to access cost-effective funding; (ix)
fluctuations in real estate values and both residential and
commercial real estate market conditions; (x) demand for loans and
deposits in the Company's market areas; (xi) the ability to adapt
successfully to technological changes to meet customers' needs and
developments in the marketplace; (xii) the possibility that
security measures implemented might not be sufficient to mitigate
the risk of a cyber attack or cyber theft, and that such security
measures might not protect against systems failures or
interruptions; (xiii) legislative or regulatory changes that
adversely affect the Company's business, including, without
limitation, the Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010 and its implementing regulations, the
overdraft protection regulations and customers' responses thereto
and the Tax Reform Legislation; (xiv) changes in accounting
principles, policies or guidelines; (xv) monetary and fiscal
policies of the Federal Reserve Board and the U.S. Government and
other governmental initiatives affecting the financial services
industry; (xvi) results of examinations of the Company and Great
Southern Bank by their regulators, including the possibility that
the regulators may, among other things, require the Company to
limit its business activities, changes its business mix, increase
its allowance for loan losses, write-down assets or increase its
capital levels, or affect its ability to borrow funds or maintain
or increase deposits, which could adversely affect its liquidity
and earnings; (xvii) costs and effects of litigation, including
settlements and judgments; and (xviii) competition. The Company
wishes to advise readers that the factors listed above and other
risks described from time to time in documents filed or furnished
by the Company with the SEC could affect the Company's financial
performance and could cause the Company's actual results for future
periods to differ materially from any opinions or statements
expressed with respect to future periods in any current
statements.
The Company does not undertake -and specifically declines any
obligation- to publicly release the result of any revisions which
may be made to any forward-looking statements to reflect events or
circumstances after the date of such statements or to reflect the
occurrence of anticipated or unanticipated events.
Reporters May Contact:
Kelly Polonus, Great Southern Bank, (417) 895-5242
kpolonus@greatsouthernbank.com
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