Bank OZK (NASDAQ:OZK – Get 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.
About Bank OZK
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.
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