Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend
Bank OZK (Nasdaq: OZK) announced its 56th consecutive quarterly increase in its common stock dividend. The new dividend is $0.40 per share, up 2.56% from the previous quarter, payable on July 19, 2024, to shareholders of record on July 12, 2024. The Board also declared a $0.28906 per share dividend on its 4.625% Series A Non-Cumulative Perpetual Preferred Stock (Nasdaq: OZKAP) for the period May 15, 2024, to August 15, 2024, payable on August 15, 2024, to holders of record on August 1, 2024.
Bank OZK is part of the S&P High Yield Dividend Aristocrats® index since January 2018, recognizing its 20-year streak of increasing dividends. As of March 31, 2024, the bank operates 240 offices across eight states and holds $36.03 billion in assets.
- Bank OZK announced its 56th consecutive quarterly dividend increase, demonstrating strong shareholder value.
- The common stock dividend increased by 2.56% to $0.40 per share.
- The Bank is part of the S&P High Yield Dividend Aristocrats® index, highlighting its consistent dividend growth.
- The preferred stock dividend remains unchanged, not offering additional value to preferred shareholders.
Fifty-six consecutive quarters of increased quarterly cash dividend on its common stock
LITTLE ROCK, Ark., July 01, 2024 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of
The Board of Directors also declared a quarterly cash dividend of
Bank OZK’s consistent track record of increasing its common stock dividend has led to it being included in the S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA) since January 2018. The index consists of members of the S&P Composite 1500® that have followed a managed-dividends policy of consistently increasing common stock dividends every year for at least 20 years, and that meet minimum float-adjusted market capitalization and liquidity requirements. For more information on the index, visit www.spglobal.com/spdji.
GENERAL INFORMATION
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Established in 1903, Bank OZK conducts banking operations in approximately 240 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had
The Bank files annual, quarterly and current reports, proxy materials, and other information required by the Securities Exchange Act of 1934 with the Federal Deposit Insurance Corporation (“FDIC”), copies of which are available electronically at the FDIC’s website at https://efr.fdic.gov/fcxweb/efr/index.html and are also available on the Bank’s investor relations website at ir.ozk.com. To receive automated email alerts for these materials please visit https://ir.ozk.com/other/email-alerts to sign up.
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