Bank OZK Increases Quarterly Dividend on Common Stock
Bank OZK, a prominent regional bank, recently declared an increase in the quarterly cash dividend on its common stock, raising it to $0.41 per share. This marks a rise of $0.01, or 2.5%, from the previous quarter. Shareholders can expect this dividend payment on a specified date next month, reflecting the bank's consistent commitment to rewarding its investors.
Preferred Stock Dividend Announcement
In addition to the common stock dividend, Bank OZK has also announced a cash dividend on its 4.625% Series A Non-Cumulative Perpetual Preferred Stock. This dividend will stand at $0.28906 per share, applicable for the period leading up to mid-November. Holders of the Series A Preferred Stock will receive this distribution, a testament to the bank's commitment to all its stakeholders.
Remarkable Dividend History
Bank OZK's proactive approach in increasing its dividend has not gone unnoticed and has resulted in its inclusion in the S&P High Yield Dividend Aristocrats index. This prestigious index tracks companies within the S&P Composite 1500 that have demonstrated reliability in elevating dividends year after year. With a history of fifty-seven consecutive quarters of dividend increases, Bank OZK continues to prioritize shareholder value.
About Bank OZK
Founded in 1903, Bank OZK operates as a regional bank offering innovative financial solutions through a dedicated team of bankers. With approximately 240 offices across nine states, the bank had a robust portfolio of $36.84 billion in total assets. Its expansive reach and personalized banking services position Bank OZK as a significant player in the financial landscape.
Investor Relations and Media Contacts
For those interested in further information about Bank OZK’s performance and dividend policies, the bank provides comprehensive resources through its investor relations platform. Jay Staley, the Investor Relations contact, can be reached at (501) 906-7842 for inquiries related to investor communications. Additionally, Michelle Rossow is available for media-related questions at (501) 906-3922. These contacts enable stakeholders to stay informed about the bank's strategic initiatives and financial updates.
Frequently Asked Questions
What is the recent dividend declaration by Bank OZK?
Bank OZK announced an increase in its quarterly dividend on common stock to $0.41 per share, along with a dividend of $0.28906 per share on its Series A Preferred Stock.
How often does Bank OZK increase its dividends?
Bank OZK has increased its common stock dividend every quarter for fifty-seven consecutive quarters, showcasing its commitment to shareholder returns.
What is the significance of the S&P High Yield Dividend Aristocrats index?
This index includes companies that consistently raise their dividends for at least 20 consecutive years, indicating a strong track record of financial stability and shareholder commitment.
How can shareholders access Bank OZK's financial reports?
Bank OZK files various reports with the FDIC, and copies are available on their investor relations website, ensuring transparency for shareholders.
Who should I contact for more information about Bank OZK?
For investor-related inquiries, Jay Staley can be contacted, while media inquiries can be directed to Michelle Rossow, both accessible through provided phone numbers.