Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) announced a quarterly dividend on Monday, April 1st, Wall Street Journal reports. Shareholders of record on Tuesday, April 9th will be paid a dividend of 0.13 per share by the financial services provider on Friday, April 19th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, April 8th.
Guaranty Federal Bancshares has raised its dividend by an average of 33.9% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Guaranty Federal Bancshares has a dividend payout ratio of 27.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Guaranty Federal Bancshares to earn $2.31 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 22.5%.
Shares of GFED opened at $22.62 on Wednesday. The stock has a market capitalization of $101.41 million, a P/E ratio of 10.38 and a beta of 0.01. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.08 and a quick ratio of 1.08. Guaranty Federal Bancshares has a 52-week low of $20.11 and a 52-week high of $27.39.
A number of research firms have weighed in on GFED. Zacks Investment Research downgraded shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine downgraded shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Monday, April 1st.
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Guaranty Federal Bancshares Company Profile
Guaranty Federal Bancshares, Inc operates as the bank holding company for Guaranty Bank that provides a range of banking and mortgage services to individual and corporate customers in southwest Missouri. The company's deposit products include checking accounts, money market accounts, savings accounts, fixed-term certificates of deposit, and individual retirement accounts, as well as demand deposits and NOW accounts.
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