Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend
Rhea-AI Summary
Bank OZK has announced an increase in its quarterly cash dividend on common stock to $0.41 per share, up 2.5% from the previous quarter. This marks the 57th consecutive quarter of dividend increases. The dividend is payable on October 18, 2024 to shareholders of record as of October 11, 2024. Additionally, the bank declared a quarterly cash dividend of $0.28906 per share on its 4.625% Series A Non-Cumulative Perpetual Preferred Stock, payable on November 15, 2024.
Bank OZK's consistent dividend growth has led to its inclusion in the S&P High Yield Dividend Aristocrats® index since January 2018. As of June 30, 2024, the bank had $36.84 billion in total assets and operates approximately 240 offices across nine states.
Positive
- Increased quarterly cash dividend on common stock by 2.5% to $0.41 per share
- 57 consecutive quarters of dividend increases
- Inclusion in the S&P High Yield Dividend Aristocrats® index since January 2018
- $36.84 billion in total assets as of June 30, 2024
Negative
- None.
News Market Reaction – OZK
On the day this news was published, OZK declined 0.43%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Fifty-seven consecutive quarters of increased quarterly cash dividend on its common stock
LITTLE ROCK, Ark., Oct. 01, 2024 (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 approximately 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 for common stock?
When will Bank OZK (OZK) pay its next common stock dividend?
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What is the dividend amount for Bank OZK's Series A Preferred Stock?
When was Bank OZK (OZK) included in the S&P High Yield Dividend Aristocrats index?
