Bank OZK (NASDAQ:OZK) Raises Dividend to $0.48 Per Share

Bank OZK (NASDAQ:OZKGet Free Report) announced a quarterly dividend on Wednesday, July 1st. Stockholders of record on Monday, July 13th will be given a dividend of 0.48 per share on Monday, July 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, July 13th. This is a 2.1% increase from Bank OZK’s previous quarterly dividend of $0.47.

Bank OZK has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 29 consecutive years. Bank OZK has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect Bank OZK to earn $6.64 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 28.3%.

Bank OZK Stock Up 1.5%

Shares of NASDAQ OZK opened at $52.85 on Thursday. The firm’s 50-day moving average price is $49.07 and its 200-day moving average price is $47.90. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 8.61 and a beta of 0.89. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.66.

Bank OZK (NASDAQ:OZKGet Free Report) last announced its quarterly earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.02). The business had revenue of $424.32 million during the quarter, compared to the consensus estimate of $422.62 million. Bank OZK had a net margin of 25.27% and a return on equity of 12.32%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS. On average, equities research analysts anticipate that Bank OZK will post 6.02 EPS for the current fiscal year.

About Bank OZK

(Get Free Report)

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.

Further Reading

Dividend History for Bank OZK (NASDAQ:OZK)

Receive News & Ratings for Bank OZK Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank OZK and related companies with MarketBeat.com's FREE daily email newsletter.