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 1.51 percent and its dividend payout is 18.75 percent. This compares to a peer average dividend yield of 2.54 percent and a payout level of 23.81 percent. This relatively lagging dividend performance could spur some dividend action going forward – except the company’s current dividend quality score of 58 out of a possible score of 100 is only about average.
Dividend Quality Overview
- Over the last twelve months (prior to March 31, 2017), SMBC-US paid a medium quality dividend, which represents a yield of 1.20% 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 7.23x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
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Over the last twelve months (prior to March 31, 2017), 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 7.22x), investing cash flow (coverage of -53.27x), issuance cash flow (coverage of 48.25x) and twelve-month prior cash (coverage of 6.04x), for a total dividend coverage of 8.23x.
SMBC-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -3.57x).
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 Yield (%)||1.84||2.34||1.78||1.8||1.53||1.51|
|Dividend Payout (%)||14.46||20.83||21.99||18.99||18.18||18.75|
A complete list of metrics and analysis is available on the company page.
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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