Bank OZK (NASDAQ:OZK) Announces Quarterly Dividend of $0.49

Bank OZK (NASDAQ:OZK) announced a quarterly dividend on Thursday, October 1st. Stockholders of record on Tuesday, October 13th will be given a dividend of $0.49 per share on Tuesday, October 20th. This represents a $1.96 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, October 13th. This is a 2.1% increase from Bank OZK’s previous quarterly dividend of $0.48.

Bank OZK has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 29 years. Bank OZK has a dividend payout ratio of 29.6% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Bank OZK to earn $6.15 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 31.2%.

Bank OZK Stock Up 0.8%

Shares of OZK opened at $46.34 on Friday. The firm has a market capitalization of $5.18 billion, a P/E ratio of 7.66 and a beta of 0.92. Bank OZK has a 12-month low of $42.37 and a 12-month high of $53.39. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $49.54 and a 200-day moving average price of $48.88.

Bank OZK (NASDAQ:OZK) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.49 EPS for the quarter, topping the consensus estimate of $1.48 by $0.01. Bank OZK had a net margin of 24.95% and a return on equity of 11.87%. The company had revenue of $430.02 million for the quarter, compared to the consensus estimate of $436.42 million. During the same quarter last year, the firm posted $1.47 EPS. The firm’s revenue was up .5% compared to the same quarter last year. Equities research analysts expect that Bank OZK will post 5.82 earnings per share for the current year.

About Bank OZK

Bank OZK (NASDAQ:OZK) is a regional financial institution headquartered in Little Rock, Arkansas. The bank provides banking and financial services to individuals, businesses and institutions through a network of branches and digital banking channels.

Its products and services include checking and savings accounts, certificates of deposit, consumer and commercial loans, residential mortgages, treasury management, online and mobile banking, and wealth management. Bank OZK also provides specialized lending through its Real Estate Specialties Group, which focuses on commercial real estate financing for projects in markets across the United States.

The company traces its origins to 1903, when it was founded as a community bank in Jasper, Arkansas.