Bank OZK Announces Increased Regular Quarterly Dividend

Rhea-AI Summary

Bank OZK has declared a quarterly cash dividend of $0.29 per share, payable on October 22, 2021, to shareholders recorded as of October 15, 2021. This represents a 1.75% increase over the previous quarter's dividend. With this announcement, Bank OZK continues its impressive streak of 45 consecutive quarters of dividend increases, solidifying its status as part of the S&P High Yield Dividend Aristocrats index since January 2018. As of June 30, 2021, Bank OZK reported total assets of $26.61 billion.

Positive

• Quarterly cash dividend increased by 1.75%, totaling $0.29 per share.
• Continues 45 consecutive quarters of increased dividends.
• Included in the S&P High Yield Dividend Aristocrats index since January 2018.

Negative

• None.

Forty-five consecutive quarters of increased quarterly cash dividends

LITTLE ROCK, Ark., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors has approved a regular quarterly cash dividend of $0.29 per common share payable October 22, 2021 to shareholders of record as of October 15, 2021. The dividend of $0.29 per common share represents an increase of $0.005 per common share, or 1.75%, over the dividend paid in the previous quarter. Bank OZK has increased its quarterly cash dividend in each of the last forty-five 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 249 offices in eight states including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi and had $26.61 billion in total assets as of June 30, 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:	Susan Blair, (501) 978-2217

 

FAQ

What is the dividend amount for Bank OZK in October 2021?

The dividend amount for Bank OZK in October 2021 is $0.29 per common share.

When will the dividend for Bank OZK be paid?

The dividend will be paid on October 22, 2021.

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

The record date for Bank OZK's dividend is October 15, 2021.

How long has Bank OZK been increasing its dividends?

Bank OZK has increased its dividends for 45 consecutive quarters.

Is Bank OZK included in any significant stock indices?

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