Bank OZK Announces Increased Regular Quarterly Dividend

Rhea-AI Summary

Bank OZK (Nasdaq: OZK) has declared a quarterly cash dividend of $0.28 per share, payable on April 19, 2021, to shareholders on record as of April 12, 2021. This represents a 0.90% increase from the previous quarter's dividend, marking 43 consecutive quarters of dividend growth. Bank OZK has been part of the S&P High Yield Dividend Aristocrats index since January 2018, showcasing its commitment to increasing shareholder returns over time.

Positive

• Quarterly cash dividend increased by 0.90%, reflecting ongoing profitability.
• 43 consecutive quarters of dividend growth enhances investor confidence.
• Inclusion in S&P High Yield Dividend Aristocrats index signals strong dividend performance.

Negative

• None.

Forty-three consecutive quarters of increased quarterly cash dividends

LITTLE ROCK, Ark., April 01, 2021 (GLOBE NEWSWIRE) -- Bank OZK (Nasdaq: OZK) announced its Board of Directors has approved a regular quarterly cash dividend of $0.28 per common share payable April 19, 2021 to shareholders of record as of April 12, 2021. The dividend of $0.28 per common share represents an increase of $0.0025 per common share, or 0.90%, over the dividend paid in the previous quarter. Bank OZK has increased its quarterly cash dividend in each of the last forty-three quarters.

Bank OZK’s consistent track record of increasing its 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 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 through more than 250 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had $27.16 billion in total assets as of December 31, 2020. 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-notification/default.aspx to sign up.

Investor Relations Contact:      Tim Hicks, (501) 978-2336
Media Contact:                        Susan Blair, (501) 978-2217

FAQ

What is the dividend amount for Bank OZK for April 2021?

Bank OZK declared a quarterly cash dividend of $0.28 per share for April 2021.

When is the dividend for Bank OZK payable?

The dividend is payable on April 19, 2021.

What is the record date for Bank OZK's dividend?

The record date for the dividend is April 12, 2021.

How many consecutive quarters has Bank OZK increased its dividend?

Bank OZK has increased its dividend for 43 consecutive quarters.

Is Bank OZK included in any dividend-related indices?

Yes, Bank OZK is included in the S&P High Yield Dividend Aristocrats index.