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Showing posts from July, 2021
American Financial Group pays special dividend
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American Financial Group, Inc. (AFG) will pay a another special dividend of $2.00 per share in 2021. This comes after a special dividend $14.00 per share announced earlier in 2021 because of the closing of the sale of its Annuity Businesses. Last year AFG paid a $2.00 per share special dividend and raised its quarterly dividend by 11.1 percent to 50 cents per share. The dividend is payable on August 2, 2021 to holders of record on July 26, 2021. The regular annual dividend rate of $2.00 per share yields 1.6% at a stock price of $125.49. AFG Co-CEOs S. Craig Lindner and Carl H. Lindner III stated: “Returning excess capital to shareholders in the form of this $2.00 special dividend is a key component of AFG’s capital management strategy; it reflects AFG’s strong financial position and our confidence in the Company’s financial future. Our Specialty P&C businesses continue to produce strong core operating earnings and generate excess capital. Our excess capital remains at a significant...
Bank OZK hikes dividend by 1.8%
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Bank OZK (OZK) will raise its quarterly dividend by another 1.8 percent to 28.5 cents per share in Q3 of 2021. This follows a dividend hike of 0.9 percent to $0.28 per share in the second quarter of 2021. Bank OZK has increased its dividend 23 consecutive years with four dividend hikes announced in 2020. This marks the 3rd dividend hike announced in 2021 for a total increase of 3.6 percent. The next dividend is payable July 19, 2021 to shareholders of record as of July 12, 2021. A new annualized dividend rate of $1.14 per share yields 2.7% at a stock price of $42.30. Last year Bank OZK announced four dividend hikes for a total increase of exactly 10.0 percent. This marked 11 years of double digit dividend growth for the company with an average dividend hike of no less than 22.0 percent during that course. Bank OZK now pays its shareholders an estimated $146 million in dividends annually if we include this new dividend hike just announced. Bank OZK, formerly Bank of the Ozarks, Inc...