Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend

Rhea-AI Summary

Bank OZK has announced its 58th consecutive quarterly dividend increase, raising the common stock dividend by 2.44% to $0.42 per share, payable on January 21, 2025, to shareholders of record as of January 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 February 18, 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 September 30, 2024, Bank OZK operates approximately 240 offices across nine states with total assets of $37.44 billion.

Positive

• 58 consecutive quarters of dividend increases demonstrates strong financial stability
• 2.44% increase in quarterly dividend shows continued growth
• Inclusion in S&P High Yield Dividend Aristocrats® index indicates strong dividend policy
• Substantial asset base of $37.44 billion as of September 30, 2024

Negative

• None.

Fifty-eight consecutive quarters of increased quarterly cash dividend on its common stock

LITTLE ROCK, Ark., Jan. 02, 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 $0.42 per share, up $0.01, or 2.44% from the prior quarter. The common stock dividend is payable on January 21, 2025 to shareholders of record as of January 14, 2025. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last fifty-eight quarters.

The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the Bank’s 4.625% Series A Non-Cumulative Perpetual Preferred Stock (“Series A Preferred Stock”) (Nasdaq: OZKAP) for the period covering November 15, 2024 through, but excluding February 15, 2025. The Series A Preferred Stock dividend is payable on February 18, 2025, to the holders of record of the Series A Preferred Stock at the close of business on February 3, 2025.

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 $37.44 billion in total assets as of September 30, 2024. For more information, visit www.ozk.com.

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: Media Contact:		Jay Staley (501) 906-7842 Michelle Rossow (501) 906-3922

FAQ

What is Bank OZK's new quarterly dividend amount for Q1 2025?

Bank OZK's new quarterly dividend is $0.42 per share, representing a 2.44% increase from the previous quarter.

When will Bank OZK's Q1 2025 common stock dividend be paid?

The common stock dividend will be paid on January 21, 2025, to shareholders of record as of January 14, 2025.

How many consecutive quarters has OZK increased its dividend?

Bank OZK has increased its quarterly cash dividend for 58 consecutive quarters.

What is the dividend amount for OZK's Series A Preferred Stock?

The Series A Preferred Stock dividend is $0.28906 per share, payable on February 18, 2025.

How many branches does Bank OZK operate and in how many states?

Bank OZK operates approximately 240 offices across nine states.

What was Bank OZK's total asset value as of September 30, 2024?

Bank OZK's total assets were $37.44 billion as of September 30, 2024.