Guaranty Bancshares, Inc. Announces Sustainable Dividend Pay
Guaranty Bancshares, Inc. Announces Quarterly Cash Dividend
The Board of Directors of Guaranty Bancshares, Inc. (NYSE: GNTY) has officially declared a quarterly cash dividend for its shareholders. Each share of common stock will receive a dividend of $0.24. This action showcases the company’s commitment to returning value to its investors while maintaining solid financial health.
Dividend Payment Details
The dividend is scheduled for payment on October 9, 2024. Shareholders who are on record as of the close of business on September 30, 2024, will be eligible to receive this dividend. This planned distribution reflects the company’s ongoing strategy to enhance shareholder returns and is a positive sign of Guaranty Bancshares' financial strength.
About Guaranty Bancshares, Inc.
Guaranty Bancshares, Inc., the parent company of Guaranty Bank & Trust, N.A., operates a robust network of banking locations across Texas. Currently, it boasts 33 branches in 26 communities in regions including East Texas, Dallas/Fort Worth, Houston, and Central Texas. As of June 30, 2024, the company's financial position has remained strong, reporting total assets of $3.1 billion, total loans amounting to $2.2 billion, and total deposits of approximately $2.6 billion. This solid base enables Guaranty Bancshares to continue to invest in community growth and meet the needs of its customers effectively.
Importance of the Dividend Declaration
The declaration of dividends is a crucial strategy for public companies like Guaranty Bancshares, Inc., as it reflects a commitment to delivering tangible rewards to shareholders. This strategic move reassures investors that the company is not only looking to grow its business but also sharing its success. A well-structured dividend can increase investor confidence, attract new shareholders, and solidify the company's position within the financial sector.
Future Prospects for Guaranty Bancshares, Inc.
Looking forward, Guaranty Bancshares, Inc. is poised for continued growth, benefiting from its strategic locations and strong financial performance. The company plans to adapt to changing market conditions while increasing its community presence. As they continue to innovate and expand their services, they remain focused on enhancing customer experiences and operational efficiencies.
Frequently Asked Questions
What is the announced dividend amount for Guaranty Bancshares?
Guaranty Bancshares has declared a quarterly cash dividend of $0.24 per share.
When will the dividend be paid?
The dividend will be paid on October 9, 2024.
Who will receive the dividend?
Shareholders on record as of the close of business on September 30, 2024, will be eligible to receive the dividend.
What is the significance of this dividend declaration?
This declaration indicates the company’s financial health and commitment to returning value to shareholders.
How many banking locations does Guaranty Bancshares operate?
Guaranty Bancshares operates 33 banking locations across 26 Texas communities.
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