Southern Missouri Bancorp (SMBC) Raises Quarterly Dividend 11.1% to $0.10; 1.6% Yield

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Go back to Southern Missouri Bancorp (SMBC) Raises Quarterly Dividend 11.1% to $0.10; 1.6% Yield

SOUTHERN MISSOURI BANCORP REPORTS PRELIMINARY FOURTH QUARTER, FISCAL 2016 RESULTS; INCREASES QUARTERLY DIVIDEND TO $0.10 PER COMMON SHARE; SCHEDULES CONFERENCE CALL TO DISCUSS RESULTS FOR TUESDAY, JUL

July 25, 2016 6:15 PM EDT

Poplar Bluff, July 25, 2016 (GLOBE NEWSWIRE) -- Southern Missouri Bancorp, Inc. (Company) (NASDAQ: SMBC), the parent corporation of Southern Bank (Bank), today announced preliminary net income available to common stockholders for the fourth quarter of fiscal 2016 of $3.7 million, an increase of $167,000, or 4.8%, as compared to the same period of the prior fiscal year. The increase was attributable to increased net interest income and noninterest income, a reduction in provision for income taxes, and the elimination of preferred dividends as a result of the October 2015 preferred share repurchase, partially offset by higher noninterest expenses and higher... More