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LITTLE ROCK - Bank OZK (NASDAQ:OZK) announced an increase in its quarterly cash dividend, continuing a multi-year streak of dividend growth. The bank’s common stock dividend has been raised to $0.43 per share, marking a 2.38% increase from the previous quarter, bringing its impressive dividend yield to 7.1%. This dividend is scheduled for payment on April 21, 2025, to shareholders on record as of April 14, 2025. According to InvestingPro data, the bank has maintained consistently higher yields compared to its 5-year average of 4%.
The bank has a notable history of dividend growth, having increased its quarterly cash dividend for 59 consecutive quarters. This consistent performance has earned Bank OZK a place on the S&P High Yield Dividend Aristocrats index since January 2018. To qualify for inclusion in this index, companies must have a policy of raising common stock dividends annually for at least 20 years and meet specific market capitalization and liquidity criteria.
In addition to the common stock dividend, Bank OZK’s Board of Directors declared a quarterly cash dividend on its 4.625% Series A Non-Cumulative Perpetual Preferred Stock. The dividend, amounting to $0.28906 per share, covers the period from February 15, 2025, until May 15, 2025, and is payable on May 15, 2025, to shareholders who are on record as of May 1, 2025.
Bank OZK, established in 1903, operates over 240 offices across nine states and reported $38.26 billion in total assets as of December 31, 2024. With a market capitalization of $4.94 billion and trading at a P/E ratio of 7.09, analysis suggests the stock is currently undervalued. The regional bank, known for providing financial solutions and emphasizing commitment to excellence, has demonstrated solid performance with revenue growth of 8.45% in the last twelve months.
This information is based on a press release statement from Bank OZK.
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