SPRINGFIELD, Mo., June 17, 2005 (PRIMEZONE) -- Guaranty Federal Bancshares, Inc., (Nasdaq:GFED), the holding company for Guaranty Bank, today announced a quarterly dividend of $0.16 per share on 2,737,640 shares of its common stock to be paid on July 15, 2005, to stockholders of record on July 1, 2005.
This dividend is the twenty-second consecutive paid since Guaranty Federal Bancshares, Inc. was formed in December 1997. During this period the company paid nine consecutive semi-annual dividends followed by 13 consecutive quarterly dividends.
The discussion set forth above may contain forward-looking comments. Such comments are based upon the information currently available to management of the Company and management's perception thereof as of the date of this release. Actual results of the Company's operations could materially differ from those forward-looking comments. The differences could be caused by a number of factors or combination of factors including, but not limited to, changes in demand for banking services; changes in portfolio composition; changes in management strategy; increased competition from both bank and non-bank companies; changes in the general level of interest rates; the effect of regulatory or government legislative changes; technology changes; and fluctuation in inflation.
Guaranty Federal Bancshares, Inc. has a subsidiary corporation offering full banking services. The principal subsidiary, Guaranty Bank, is located in Springfield, Missouri and has six branches and 19 ATM locations located in Greene and Christian Counties. In addition, Guaranty Bank is a member of the Privileged Status ATM network, which provides its customers surcharge free access to over 60 area ATMs and over 1,000 ATMs nationwide.