Bank OZK Announces Increased Regular Quarterly Dividend

Rhea-AI Summary

Bank OZK (Nasdaq: OZK) has declared a quarterly cash dividend of $0.275 per share, payable on October 19, 2020, to shareholders recorded as of October 12, 2020. This marks a 0.92% increase compared to the previous quarter. The bank has consistently raised its dividend for the past forty-one quarters.

As of June 30, 2020, Bank OZK reported total assets of $26.38 billion and has established a reputation for providing innovative financial solutions across ten states.

Positive

• Quarterly cash dividend increased by $0.0025 per share, demonstrating continued commitment to returning value to shareholders.
• The dividend increase marks the 41st consecutive quarter of rises, reflecting strong financial stability.

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• None.

LITTLE ROCK, Ark., Oct. 01, 2020 (GLOBE NEWSWIRE) -- Bank OZK (Nasdaq: OZK) announced its Board of Directors has approved a regular quarterly cash dividend of $0.275 per common share payable October 19, 2020 to shareholders of record as of October 12, 2020. The dividend of $0.275 per common share represents an increase of $0.0025 per common share, or 0.92%, over the dividend paid in the previous quarter. Bank OZK has increased its quarterly cash dividend in each of the last forty-one quarters.

GENERAL INFORMATION
Bank OZK (Nasdaq: OZK) is a regional bank providing innovative financial solutions delivered by expert bankers with a relentless pursuit of excellence. Bank OZK was named Best Bank in the South for 2019-2020 by Money, the personal finance news and advice brand. Established in 1903, Bank OZK conducts banking operations through more than 250 offices in ten states including Arkansas, Georgia, Florida, North Carolina, Texas, Alabama, South Carolina, New York, California and Mississippi and had $26.38 billion in total assets as of June 30, 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 http://ir.ozk.com/EmailNotification 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 in October 2020?

The dividend amount for Bank OZK in October 2020 is $0.275 per common share.

When is the dividend for Bank OZK going to be paid?

The dividend for Bank OZK will be paid on October 19, 2020.

What is the record date for the Bank OZK dividend?

The record date for the Bank OZK dividend is October 12, 2020.

How many consecutive quarters has Bank OZK increased its dividend?

Bank OZK has increased its dividend for 41 consecutive quarters.