Bank OZK (NASDAQ:OZK) Announces Dividend Increase – $0.48 Per Share

Bank OZK (NASDAQ:OZKGet Free Report) declared a quarterly dividend on Wednesday, July 1st. Investors of record on Monday, July 13th will be paid a dividend of 0.48 per share on Monday, July 20th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date 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 by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 29 years. Bank OZK has a payout ratio of 29.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Trading Up 1.5%

Bank OZK stock opened at $52.85 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.00 and a current ratio of 1.00. The firm’s 50-day moving average is $49.07 and its 200-day moving average is $47.90. Bank OZK has a 1 year low of $42.37 and a 1 year high of $53.66. The company has a market cap of $5.91 billion, a P/E ratio of 8.61 and a beta of 0.89.

Bank OZK (NASDAQ:OZKGet Free Report) last posted its earnings results on Tuesday, April 21st. The company reported $1.44 EPS for the quarter, missing the consensus estimate of $1.46 by ($0.02). The company had revenue of $424.32 million for 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 for the quarter was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $1.47 earnings per share. On average, equities analysts expect that Bank OZK will post 6.02 earnings per share for the current 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.

Recommended Stories

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.