Bank OZK's preferred stock yields above 6%, trading at a discount

From Nasdaq.: 2024-10-23 14:15:16

Shares of Bank OZK’s 4.625% A Non-Cumulative Perpetual Preferred Stock (OZKAP) were yielding above 6% on Wednesday. The quarterly dividend was $1.1562, with shares trading as low as $19.13. OZKAP was at a 22.16% discount to its liquidation preference amount. The preferred shares are not cumulative. In trading, OZKAP was down 1.7% while common shares (OZK) were down 0.8%. For more information on high-yield preferred stocks, visit Preferred Stock Channel. This news does not necessarily represent the views of Nasdaq, Inc.



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