Company Website:
http://www.greatwesternbank.com
SIOUX FALLS, S.D. -- (Business Wire)
Great Western Bancorp, Inc. (NYSE: GWB) today announced that its Board
of Directors has declared a quarterly cash dividend to its shareholders.
This is the first cash dividend paid to Great Western shareholders since
the company completed its initial public offering in October 2014.
A quarterly cash dividend of $0.12 per common share will be paid on
February 23, 2015, to all shareholders of record as of February 12,
2015. Future dividends will be subject to Board approval.
President & CEO Ken Karels said, "Great Western's strong earnings and
sound capital position are the reason why we are able to pay our
first-ever cash dividend as a public company. This dividend supports our
capital allocation strategy, which includes making key strategic
investments and our commitment to bring value to shareholders."
This press release and other important information about Great Western
Bank are available at www.greatwesternbank.com.
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 163 branches in seven states: South Dakota, Iowa,
Nebraska, Colorado, Arizona, Kansas and Missouri. To learn more about
Great Western Bank visit www.greatwesternbank.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements about Great Western’s expectations, beliefs, plans,
predictions, forecasts, objectives, assumptions or future events or
performance are not historical facts and may be forward-looking. These
statements are often, but not always, made through the use of words or
phrases such as “anticipates,” “believes,” “can,” “could,” “may,”
“predicts,” “potential,” “should,” “will,” “estimate,” “plans,”
“projects,” “continuing,” “ongoing,” “expects,” “intends” and similar
words or phrases. In particular, the statements included in this press
release concerning Great Western’s expected performance and strategy,
and the interest rate environment, in fiscal year 2015 are not
historical facts and are forward-looking. Accordingly, the
forward-looking statements in this press release are only predictions
and involve estimates, known and unknown risks, assumptions and
uncertainties that could cause actual results to differ materially from
those expressed. All forward-looking statements are necessarily only
estimates of future results, and there can be no assurance that actual
results will not differ materially from expectations, and, therefore,
you are cautioned not to place undue reliance on such statements. Any
forward-looking statements are qualified in their entirety by reference
to the factors discussed in the sections titled “Item 1A. Risk Factors”
and "Cautionary Note Regarding Forward-Looking Statements" in Great
Western’s Annual Report on Form 10-K for the fiscal year ended September
30, 2014. Further, any forward-looking statement speaks only as of the
date on which it is made, and Great Western undertakes no obligation to
update any forward-looking statement to reflect events or circumstances
after the date on which the statement is made or to reflect the
occurrence of unanticipated events.
Contacts:
Great Western Bancorp, Inc.
Media Contact:
Cheryl
Olson, 605-336-5681
cheryl.olson@greatwesternbank.com
Source: Great Western Bancorp, Inc.
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