Thursday Is Your Last Chance To Buy Great Southern Bancorp Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Great Southern Bancorp (NASDAQ:GSBC) has announced a quarterly dividend of 40 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 40 cents lower. Shareholders owning GSBC by the end of Thursday's session will be eligible for the dividend, which will be paid out on October 17, 2023.

September 26, 2023 | 2:45 pm
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Great Southern Bancorp's stock price is expected to open lower on Friday due to the dividend payout. However, the dividend may attract more investors to buy the stock before Thursday's session ends.
The announcement of a dividend payout often leads to a short-term increase in stock price as investors buy in to be eligible for the dividend. However, the stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. This is because the company's assets decrease by the amount of the dividend payout. In this case, GSBC's stock price is expected to open lower on Friday, the ex-dividend date. However, the announcement may attract more investors to buy the stock before Thursday's session ends.
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