Guaranty Bancorp boosts dividend 30% to yield well above its peer group

Warranty Bancorp GBNK, +zero.36% stated Tuesday it was once elevating its quarterly dividend via 30% to 16.25 cents a percentage from 12.five cents a percentage. The brand new dividend will probably be payable March 2 to shareholders of report on Feb. 23. The inventory rose zero.four% in afternoon business, after being down up to zero.nine% previous within the consultation. At present percentage costs, the brand new annual dividend price implies a dividend yield of two.33%, in comparison with the SPDR S&P Regional Banking ETF’s KRE, +zero.03% yield of one.36% and the S&P 500’s SPX, +zero.17% implied yield of one.91%, in line with FactSet. Warranty Bancorp’s inventory has tacked on 1.five% over the last 3 months, whle the regional banking ETF has surged and the S&P 500 has received five.1%.

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