Published on 17 Mar 2024 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In Guaranty Bancshares, Inc. (NYSE:GNTY) For Its Upcoming Dividend

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Guaranty Bancshares, Inc. (NYSE:GNTY) is about to go ex-dividend in just four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Guaranty Bancshares' shares on or after the 22nd of March will not receive the dividend, which will be paid on the 10th of April.

The company's upcoming dividend is US$0.24 a share, following on from the last 12 months, when the company distributed a total of US$0.92 per share to shareholders. Last year's total dividend payments show that Guaranty Bancshares has a trailing yield of 3.0% on the current share price of US$30.44. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Guaranty Bancshares has been able to grow its dividends, or if the dividend might be cut.

Check out our latest analysis for Guaranty Bancshares