Bank OZK raises dividend by 2.4%, solid financial position, shares up, positive.

From Zacks Investment Research: 2025-04-02 11:16:00

Bank OZK (OZK) has increased its quarterly cash dividend by 2.4% to 43 cents per share, payable on April 21, 2025. The bank has raised its dividend in each of the last 59 quarters with a payout ratio of 27%. With a closing price of $43.38, OZK’s forward dividend yield is 4%. The bank’s solid capital position is evident with total debt of $893.5 million and cash and cash equivalents of $2.8 billion as of December 31, 2024. Shares of Bank OZK have risen 3.4% in the past six months. BankUnited, Inc. (BKU) and Independent Bank Corp. (INDB) have also announced dividend hikes recently. BKU increased its dividend by 6.8% to 31 cents per share, while INDB raised its dividend by 3.5% to 59 cents per share.



Read more at Zacks Investment Research: Bank OZK Increases Dividend by 2.4% to Reward Shareholders – April 2, 2025