Great Western Bancorp (GWB) Raises Quarterly Dividend 25% to $0.25; 2.5% Yield

Great Western Bancorp (NYSE: GWB) declared a quarterly dividend of $0.25 per share, or $1 annualized. This is a 25% increase from the prior dividend of $0.20.

The dividend will be payable on May 23, 2018, to stockholders of record on May 11, 2018, with an ex-dividend date of May 24, 2018.

The annual yield on the dividend is 2.5 percent.

"The second quarter of fiscal year 2018 was another solid quarter for Great Western," said Ken Karels, Chairman, President and Chief Executive Officer. "We continued to see good demand from our loan portfolio, mitigated the rising cost of deposits through increasing loan yields pricing, continued to manage expenses well and increased our dividend due to the peer leading return on capital from our business."

For a dividend history and other dividend-related data on Great Western Bancorp (GWB) click here.

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