Great Southern Ban (GSBC) DIvidends Date & History

Key Takeaways

• Great Southern Bancorp (GSBC) offers a forward dividend yield of 2.54%, with an annual payout of $1.72 per share paid quarterly.
• The company has delivered 145 consecutive quarterly dividends, highlighting exceptional payment consistency since the mid-1990s.
• A low payout ratio of 26.82% ensures strong earnings coverage, with diluted EPS (TTM) at $6.19 providing ample room for sustainability.
• Dividend growth has averaged 4.07% CAGR over five years and 6.80% over ten years, positioning GSBC as a reliable income play.
• TTM free cash flow of $70 million supports ongoing payouts amid solid operating cash flow of $81.5 million.
• Recent increase from $0.40 to $0.43 per share in 2025 signals modest growth potential for dividend investors.

Dividend Overview

Great Southern Bancorp, Inc. (GSBC), the holding company for Great Southern Bank, maintains a conservative yet dependable dividend policy focused on quarterly distributions to common shareholders. The forward annual dividend stands at $1.72 per share, yielding 2.54% based on recent trading levels around $67.77. The most recent quarterly payout of $0.43 per share had an ex-dividend date of March 30, 2026, and payment date of April 14, 2026. This profile classifies GSBC as a modest-yield dividend stock rather than a high-yield or aggressive growth contender. With operations centered in community banking across the Midwest, the company prioritizes financial stability, directing excess capital toward consistent returns for investors while retaining funds for loan growth and regulatory capital.

Dividend History and Growth

Great Southern Bancorp (GSBC) boasts an impressive track record of dividend reliability, with 145 consecutive quarterly payments as of the latest declaration—the longest active streak among many regional peers. Dividends have remained steady at $0.40 per share through much of 2023 and 2024 before rising to $0.43 in late 2025, reflecting a 7.5% increase for the latest twelve months. Over longer periods, growth has been positive: approximately 2% CAGR over three years, 4.07% over five years, and 6.80% over ten years. No cuts have occurred in decades, underscoring a long-term strategy of gradual enhancement tied to earnings growth and capital accumulation. This consistency appeals to investors valuing uninterrupted income over rapid escalation.

Dividend Sustainability and Payout Ratio

The sustainability of GSBC's dividend is robust, anchored by a payout ratio of 26.82%—well below the banking sector average of around 30%. Earnings comfortably cover payouts, with trailing twelve months (TTM) diluted EPS of $6.19 dwarfing the $1.72 annual dividend. Free cash flow (FCF) further bolsters confidence, reaching $70 million TTM (operating cash flow of $81.5 million minus capex), equivalent to over 10x the annualized dividend obligation based on roughly 10.5 million shares outstanding. A profit margin of 30.96% and return on equity (ROE) of 11.49% reflect operational efficiency, while moderate debt levels and strong liquidity position the bank to weather economic cycles without jeopardizing distributions.

Dividend Compared to Industry Peers

Among regional bank holding companies, GSBC's 2.54% yield is competitive but slightly below peers like Community Trust Bancorp (CTBI) at 3.4%, First Community Bancshares (FCBC) at 3.0%, First Financial Bancorp (FFBC) at 3.6%, and First Busey (BUSE) at 4.1%. However, GSBC's lower payout ratio (26.82% vs. 37-80% for peers) offers superior safety, contrasting with higher-yield names that strain earnings coverage. Its unmatched 145-quarter streak outshines peers' growth runs (e.g., CTBI's 44 years of increases), making it a standout for reliability in the sector.

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Is This Stock Attractive for Dividend Investors?

For conservative dividend investors prioritizing payment consistency over sky-high yields, Great Southern Bancorp (GSBC) holds appeal. Its 145 consecutive quarterly dividends and low 26.82% payout ratio provide a margin of safety amid interest rate fluctuations or regional economic pressures. Income-oriented holders may value the steady 2.54% yield and positive multi-year growth (4%+ CAGR over five years), which supports compounding in tax-advantaged accounts. Long-term buy-and-hold investors could appreciate the bank's Midwest focus, solid ROE, and cash flow generation as buffers for sustained payouts. However, those seeking aggressive growth might find the modest recent increases and sector-average yield less compelling compared to faster-rising peers. Overall, GSBC suits patient portfolios emphasizing preservation and reliability rather than yield-chasing or rapid appreciation.

Disclaimer

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