Bank OZK (NASDAQ:OZK – Get Free Report) declared a quarterly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 13th will be paid a dividend of 0.46 per share on Tuesday, January 20th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, January 13th. This is a 2.2% increase from Bank OZK’s previous quarterly dividend of $0.45.
Bank OZK has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 29 years. Bank OZK has a payout ratio of 28.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Bank OZK to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 27.3%.
Bank OZK Trading Up 0.5%
OZK stock opened at $48.31 on Friday. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 7.79 and a beta of 0.90. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $46.20 and a 200-day simple moving average of $48.80.
Bank OZK Company Profile
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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