Bank OZK Announces Increase to Quarterly Common Stock Dividend and Announces Preferred Stock Dividend
July 01 2024 - 3:01PM
Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of
Directors declared a quarterly cash dividend on the Bank’s common
stock of $0.40 per share, up $0.01, or 2.56% from the prior
quarter. The common stock dividend is payable on July 19, 2024 to
shareholders of record as of July 12, 2024. Bank OZK has increased
its quarterly cash dividend on its common stock in each of the last
fifty-six quarters.
The Board of Directors also declared a quarterly
cash dividend of $0.28906 per share on the Bank’s 4.625% Series A
Non-Cumulative Perpetual Preferred Stock (“Series A Preferred
Stock”) (Nasdaq: OZKAP) for the period covering May 15, 2024
through, but excluding August 15, 2024. The Series A Preferred
Stock dividend is payable on August 15, 2024, to the holders of
record of the Series A Preferred Stock at the close of business on
August 1, 2024.
Bank OZK’s consistent track record of increasing
its common stock dividend has led to it being included in the
S&P High Yield Dividend Aristocrats® index (Ticker: SPHYDA)
since January 2018. The index consists of members of the S&P
Composite 1500® that have followed a managed-dividends policy of
consistently increasing common stock dividends every year for at
least 20 years, and that meet minimum float-adjusted market
capitalization and liquidity requirements. For more information on
the index, visit www.spglobal.com/spdji.
GENERAL INFORMATIONBank OZK
(Nasdaq: OZK) is a regional bank providing innovative financial
solutions delivered by expert bankers with a relentless pursuit of
excellence. Established in 1903, Bank OZK conducts banking
operations in approximately 240 offices in eight states including
Arkansas, Georgia, Florida, North Carolina, Texas, New York,
California and Mississippi and had $36.03 billion in total assets
as of March 31, 2024. For more information,
visit www.ozk.com.
The Bank files annual, quarterly and current
reports, proxy materials, and other information required by the
Securities Exchange Act of 1934 with the Federal Deposit Insurance
Corporation (“FDIC”), copies of which are available electronically
at the FDIC’s website
at https://efr.fdic.gov/fcxweb/efr/index.html and are
also available on the Bank’s investor relations website at
ir.ozk.com. To receive automated email alerts for these materials
please visit https://ir.ozk.com/other/email-alerts to
sign up.
Investor Relations Contact: Jay Staley (501) 906-7842
Media Contact: Michelle Rossow (501) 906-3922
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