SIOUX FALLS, S.D.--(BUSINESS WIRE)--The Board of Directors of Great Western Bancorp, Inc. (NYSE: GWB) today announced that it has declared a quarterly cash dividend to its stockholders.
A quarterly cash dividend of $0.01 per common share will be paid on August 27, 2020, to all stockholders of record as of the close of business on August 13, 2020. Given the continued uncertainty relating to the duration and potential impact of COVID-19, we believe this further reduced dividend is a prudent and proactive step at this time to help enhance and preserve our capital position if economic conditions continue to deteriorate.
About Great Western Bancorp, Inc.
Great Western Bancorp, Inc. is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications and customer care centers. The bank services its customers through more than 170 branches in nine states: Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. To learn more about Great Western Bank visit www.greatwesternbank.com.
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