Bank OZK (NASDAQ:OZK – Get 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.
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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