Guaranty Federal Bancshares, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) has announced a dividend of $0.15 per share for Q3 2020, payable on October 16, 2020, to stockholders of record as of October 6, 2020. The company operates Guaranty Bank, which offers full banking services across 16 branches in Missouri. This dividend reflects the company’s ongoing commitment to return value to its shareholders amidst a challenging economic environment.

Positive

• Dividend of $0.15 per share demonstrates commitment to shareholder value.

Negative

• Potential risks related to economic and regulatory changes could impact future performance.

SPRINGFIELD, Mo., Sept. 25, 2020 (GLOBE NEWSWIRE) -- Guaranty Federal Bancshares, Inc. (NASDAQ:GFED), the holding company (the “Company”) for Guaranty Bank, today announces a dividend per common share of $.15 for its third quarter ending September 30, 2020. The dividend will be payable on October 16, 2020 to stockholders of record on October 6, 2020.

About Guaranty Federal Bancshares, Inc.
Guaranty Federal Bancshares, Inc. (NASDAQ:GFED) has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is headquartered in Springfield, Missouri, and has 16 full-service branches in Greene, Christian, Jasper and Newton Counties and a Loan Production Office in Webster County. Guaranty Bank is a member of the MoneyPass ATM network which provides its customers surcharge free access to over 32,000 ATMs nationwide. For more information visit the Guaranty Bank website: www.gbankmo.com.

The Company may from time to time make written or oral “forward-looking statements,” including statements contained in the Company’s filings with the SEC, in its reports to stockholders and in other communications by the Company, which are made in good faith by the Company pursuant to the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Words such as “anticipates,” “estimates,” “believes,” “expects,” and similar expressions are intended to identify such forward-looking statements but are not the exclusive means of identifying such statements.

These forward-looking statements involve risks and uncertainties, such as statements of the Company’s plans, objectives, expectations, estimates and intentions, that are subject to change based on various important factors (some of which are beyond the Company’s control). The following factors, among others, could cause the Company’s financial performance to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements:

• the strength of the United States economy in general and the strength of the local economies in which we conduct operations;
  
• the effects of, and changes in, trade, monetary and fiscal policies and laws, including interest rate policies of the Federal Reserve, inflation, interest rates, market and monetary fluctuations;
  
• the timely development of and acceptance of new products and services and the perceived overall value of these products and services by users, including the features, pricing and quality compared to competitors’ products and services;
  
• the willingness of users to substitute competitors’ products and services for our products and services;
  
• our success in gaining regulatory approval of our products and services, when required;
  
• the impact of changes in financial services laws and regulations (including laws concerning taxes, banking, securities and insurance);
  
• technological changes;
  
• the ability to successfully manage and integrate any future acquisitions if and when our board of directors and management conclude any such acquisitions are appropriate;
  
• changes in consumer spending and saving habits;
  
• our success at managing the risks resulting from these factors; and
  
• other factors set forth in reports and other documents filed by the Company with the SEC from time to time.

Contacts:		Shaun A. Burke, President and CEO or Carter M. Peters, CFO 2144 E. Republic Road, Suite F200 Springfield, MO 65804 1.833.875.2492

FAQ

What is the dividend amount declared by GFED for Q3 2020?

GFED declared a dividend of $0.15 per share for Q3 2020.

When will the dividend for GFED be paid?

The dividend will be paid on October 16, 2020.

What is the record date for GFED's dividend payment?

The record date for GFED's dividend payment is October 6, 2020.

How does the dividend payout affect GFED shareholders?

The dividend payout is intended to return value to shareholders, indicating financial health.

What are the risks mentioned in GFED's press release?

Risks include economic changes and regulatory impacts that could affect financial performance.