Southern Missouri Bancorp, Inc. : SMBC-US: Dividend Analysis : February 15th, 2017 (record date) : By the numbers : March 24, 2017

Our analysis is based on comparing Southern Missouri Bancorp, Inc. with the following peers – NASB Financial, Inc., HMN Financial, Inc., Landmark Bancorp, Inc., Capitol Federal Financial, Inc., Wolverine Bancorp, Inc., Madison County Financial, Inc., Bear State Financial, Inc., First Bancshares, Inc., Liberty Bancorp, Inc. and Meta Financial Group, Inc. (NASB-US, HMNF-US, LARK-US, CFFN-US, WBKC-US, MCBK-US, BSF-US, FBSI-US, LBCP-US and CASH-US).

Southern Missouri Bancorp, Inc.’s dividend yield is 1.19 percent and its dividend payout is 19 percent. This compares to a peer average dividend yield of 2.37 percent and a payout level of 17.65 percent. This combination of a relatively lower dividend yield and a higher payout ratio suggest that the dividend payout might not be sustainable. Supporting this is the company’s average dividend quality score of 58 out of a possible score of 100, which points to some weakness in being able to sustain the higher payout ratio.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to December 31, 2016), SMBC-US paid a medium quality dividend, which represents a yield of 1.16% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during each of these years — of these 3 were medium quality and 2 were low quality.
  • The ending cash balance, with a dividend coverage of 10.73x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to December 31, 2016), SMBC-US paid a medium quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 7.14x), investing cash flow (coverage of -54.71x), issuance cash flow (coverage of 50.62x) and twelve-month prior cash (coverage of 8.68x), for a total dividend coverage of 11.73x.

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm’s net cash inflow from issuance was required (in addition to operating and investment cash) to pay the dividend, which suggests a medium dividend quality.

Dividend History

Item 2012-06-30 2013-06-30 2014-06-30 2015-06-30 2016-06-30 Latest
Dividend Yield (%) 1.84 2.34 1.78 1.8 1.53 1.19
Dividend Payout (%) 14.46 20.83 21.99 18.99 18.18 19

A complete list of metrics and analysis is available on the company page.

Company Profile

Southern Missouri Bancorp, Inc. operates as a holding company for Southern Bank. It engages in the provision of banking services. It operates through the following banking sectors: Personal, Business, and Loans. The Personal Banking sector provides checking services, savings, loans and mortgages, and other services. The Business Banking sector offers checking services, commercial loans, cash management services, remote deposits, and merchant card services. The Loans Banking sector provides different types of loans such as home, agriculture, equipment, mortgage, and auto loans. The company was founded on December 30, 1993 and is headquartered in Poplar Bluff, MO.


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