Bank OZK (NASDAQ:OZK) Declares Dividend Increase – $0.46 Per Share

Bank OZK (NASDAQ:OZKGet 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 (NASDAQ:OZKGet Free Report) last released its quarterly earnings data on Thursday, October 16th. The company reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.07). The firm had revenue of $449.94 million during the quarter, compared to analysts’ expectations of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter last year, the business earned $1.55 earnings per share. On average, equities research analysts expect that Bank OZK will post 6.02 EPS for the current year.

Bank OZK Company Profile

(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.

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Dividend History for Bank OZK (NASDAQ:OZK)

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