Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend
Rhea-AI Summary
Bank OZK (Nasdaq: OZK) has announced its 59th consecutive quarterly dividend increase, raising its common stock dividend by 2.38% to $0.43 per share. The dividend will be paid on April 21, 2025, to shareholders of record as of April 14, 2025.
Additionally, the bank declared a quarterly dividend of $0.28906 per share on its 4.625% Series A Non-Cumulative Perpetual Preferred Stock, payable on May 15, 2025, to holders of record as of May 1, 2025.
The bank's consistent dividend growth has earned it a place in the S&P High Yield Dividend Aristocrats® index since January 2018. As of December 31, 2024, Bank OZK operates in over 240 offices across nine states with total assets of $38.26 billion.
Positive
- 59 consecutive quarters of dividend increases demonstrates strong financial stability
- 2.38% increase in quarterly dividend shows continued commitment to shareholder returns
- Inclusion in S&P High Yield Dividend Aristocrats index validates dividend growth strategy
- Substantial asset base of $38.26 billion indicates strong market position
- Wide geographic presence across 240 offices in 9 states shows robust operational scale
Negative
- Modest 2.38% dividend increase may not keep pace with inflation
- Preferred stock dividend obligations create additional fixed payment requirements
Fifty-nine consecutive quarters of increased quarterly cash dividend on its common stock
LITTLE ROCK, Ark., April 01, 2025 (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 more than 240 offices in nine states including Arkansas, Georgia, Florida, North Carolina, Texas, Tennessee, 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.
| Investor Relations Contact: | Jay Staley (501) 906-7842 |
| Media Contact: | Michelle Rossow (501) 906-3922 |
FAQ
What is Bank OZK's new quarterly dividend amount for Q2 2025?
When will Bank OZK pay its Q2 2025 common stock dividend?
How many consecutive quarters has Bank OZK increased its dividend?
What is Bank OZK's preferred stock dividend rate and payment date?
What was Bank OZK's total asset value as of December 31, 2024?
