Item 8.01 Other Events

On December 31, 2021, Guaranty Federal Bancshares, Inc., the holding company for Guaranty Bank, announced a dividend per common share of $0.15 for its fourth quarter ending December 31, 2021. The dividend will be payable on January 21, 2022 to stockholders of record on January 11, 2022. A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description



99.1             Press release dated December 31, 2021
104            Cover Page Interactive Data File (embedded within the Inline XBRL
               document)

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