Bank OZK hikes dividend by 2.4%

On January 2, 2024, Bank OZK (OZK) announced a 2.4% dividend hike to $0.42 quarterly per share.

The dividend yield for OZK is 4% at a stock price of $41.71. The company has now raised its dividend 27 consecutive years with four dividend hikes annually.

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. The company has paid a dividend to shareholders every year since 1998.