Bank OZK hikes dividend by 4%

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Bank OZK (OZK) will raise its quarterly dividend by another 4.0 percent to $0.26 per share in the first quarter of 2020. Last year he bank holding company hiked its dividend four times for a total increase of 19.0 percent.

The next dividend is payable January 24, 2020 to shareholders of record as of January 17, 2020. A new annualized dividend rate of $1.04 per share yields 3.4% at a stock price of $30.62.

Bank OZK, formerly Bank of the Ozarks, Inc. is a bank holding company. The Company owns a state-chartered subsidiary bank that conducts banking operations in Arkansas, Georgia, North Carolina, Texas, Florida, Alabama, South Carolina, New York and California. The company's deposit services, including checking, savings, money market, time deposit and individual retirement accounts and loan services, including real estate, consumer, commercial, industrial and agricultural loans and leasing services. OZK also provides services such as mortgage lending, lock box services and  financial planning and operates ATMs.

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