Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend

Rhea-AI Summary

Bank OZK has declared a quarterly cash dividend of $0.31 per share, marking a 3.33% increase from the previous quarter. This dividend is scheduled for payment on April 22, 2022, to shareholders on record as of April 15, 2022. Additionally, a dividend of $0.28906 per share on its Series A Preferred Stock will be payable on May 16, 2022. Bank OZK has maintained a consistent record of increasing its common stock dividend for forty-seven consecutive quarters and is included in the S&P High Yield Dividend Aristocrats index since January 2018.

Positive

• Quarterly cash dividend increased to $0.31 per share, a 3.33% rise.
• Forty-seven consecutive quarters of increased dividends.
• Inclusion in the S&P High Yield Dividend Aristocrats index since January 2018.

Negative

• None.

Forty-seven consecutive quarters of increased quarterly cash dividend on its common stock

LITTLE ROCK, Ark., April 01, 2022 (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 $0.31 per share, up $0.01, or 3.33%, from the prior quarter. The common stock dividend is payable on April 22, 2022 to shareholders of record as of April 15, 2022. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last forty-seven quarters.

The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank’s 4.625% Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) (Nasdaq: OZKAP) for the period covering February 15, 2022 through, but excluding May 15, 2022. The Series A Preferred Stock dividend is payable on May 16, 2022, to the holders of record of the Series A Preferred Stock at the close of business on May 2, 2022.

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 with over 240 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had $26.53 billion in total assets as of December 31, 2021. Bank OZK can be found at www.ozk.com and on Facebook, Twitter and LinkedIn or contacted at (501) 978-2265 or P.O. Box 8811, Little Rock, Arkansas 72231-8811.

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.

Investor Relations Contact:
Tim Hicks
(501) 978-2336

Media Contact:
Candace Graham
(501) 320-4165

FAQ

What is the dividend amount declared by Bank OZK for common stock in April 2022?

Bank OZK declared a dividend of $0.31 per share for its common stock.

When is the dividend for Bank OZK's common stock payable?

The dividend is payable on April 22, 2022.

How long has Bank OZK consistently increased its quarterly cash dividend?

Bank OZK has increased its cash dividend for forty-seven consecutive quarters.

What is the dividend for Bank OZK's Series A Preferred Stock?

The dividend for the Series A Preferred Stock is $0.28906 per share.

When is the preferred stock dividend payable?

The preferred stock dividend is payable on May 16, 2022.

Is Bank OZK part of any dividend aristocrats index?

Yes, Bank OZK has been included in the S&P High Yield Dividend Aristocrats index since January 2018.