Southern Missouri Bancorp, Inc. Declares Quarterly Cash Dividend, Payable on February 26, 2021
January 26, 2021 at 05:45 pm
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Southern Missouri Bancorp, Inc. declared a quarterly cash dividend on common stock of $0.16, payable on February 26, 2021, to stockholders of record at the close of business on February 12, 2021, marking the 107 consecutive quarterly dividend since the inception of the company, and representing an increase of 6.7% over the quarterly dividend paid previously.
Southern Missouri Bancorp, Inc. is a bank holding company and the parent company of Southern Bank (Bank). The Bank is primarily engaged in providing a full range of banking and financial services to individuals and corporate customers in its market areas. The principal business of the Bank consists of attracting retail deposits from the general public and using such deposits along with wholesale funding from the Federal Home Loan Bank of Des Moines, (FHLB), and brokered deposits, to invest in one- to-four-family residential mortgage loans, mortgage loans secured by commercial real estate, commercial non-mortgage business loans, construction loans, and consumer loans. These funds are also used to purchase mortgage-backed and related securities (MBS), municipal bonds, and other permissible investments. The Bank conducts its business from its headquarters in Poplar Bluff, as well as about 62 full-service branch offices and three limited-service branch offices.