Guaranty Bancshares, Inc. Increases and Declares Quarterly Cash Dividend

Rhea-AI Summary

Guaranty Bancshares, Inc. (NASDAQ: GNTY) declared a quarterly cash dividend of $0.22 per share, marking a 10% increase, on March 9, 2022. This dividend will be paid on April 13, 2022 to stockholders of record by March 28, 2022. The company has maintained a consistent dividend payment for 35 years, reflecting a compound annual growth rate of 9.30%. As of December 31, 2021, Guaranty Bancshares reported total assets of $3.1 billion, total loans of $1.9 billion, and total deposits of $2.7 billion.

Positive

• Quarterly cash dividend increased by 10%.
• Company has paid dividends for 35 consecutive years.
• Compound annual growth rate of dividends at 9.30%.

Negative

• None.

ADDISON, Texas--(BUSINESS WIRE)-- The Board of Directors of Guaranty Bancshares, Inc. (NASDAQ: GNTY), the parent company of Guaranty Bank & Trust, N.A., declared a quarterly cash dividend on March 9, 2022 in the amount of $0.22 per share of common stock. This is a 10% increase in the quarterly cash dividend and will be paid on April 13, 2022 to stockholders of record as of the close of business on March 28, 2022.

“Through 2021, Guaranty has paid a dividend for 35 consecutive years that equates to a compound annual growth rate of 9.30%,” stated Ty Abston, Chief Executive Officer of Guaranty Bancshares, Inc.

About Guaranty Bancshares

Guaranty Bancshares, Inc. is a bank holding company that conducts commercial banking activities through its wholly-owned subsidiary, Guaranty Bank & Trust, N.A. As one of the oldest regional community banks in Texas, Guaranty Bank & Trust provides its customers with a full array of relationship-driven commercial and consumer banking products and services, as well as mortgage, trust, and wealth management services. Guaranty Bank & Trust has 32 banking locations across 26 Texas communities located within the East Texas, Dallas/Fort Worth, greater Houston and Central Texas regions of the state. As of December 31, 2021, Guaranty Bancshares, Inc. had total assets of $3.1 billion, total loans of $1.9 billion and total deposits of $2.7 billion. Visit www.gnty.com for more information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220310005913/en/

Cappy Payne

Senior Executive Vice President & CFO

Guaranty Bancshares, Inc.

(888) 572-9881

Investors@gnty.com

Source: Guaranty Bancshares, Inc.

FAQ

What is the dividend amount declared by GNTY?

Guaranty Bancshares declared a quarterly cash dividend of $0.22 per share.

When will the dividend be paid to GNTY stockholders?

The dividend will be paid on April 13, 2022.

What is the record date for the GNTY dividend payment?

The record date for the dividend payment is March 28, 2022.

How long has Guaranty Bancshares been paying dividends?

Guaranty Bancshares has paid dividends for 35 consecutive years.

What is the compound annual growth rate of GNTY's dividends?

The compound annual growth rate of dividends is 9.30%.