Bank OZK Increases Dividend by 2.4% to Reward Shareholders

Core Viewpoint - Bank OZK has consistently increased its quarterly cash dividend, reflecting strong financial health and commitment to shareholder value [1][2][5]. Dividend Information - Bank OZK raised its quarterly cash dividend by 2.4% to 43 cents per share, with the payment scheduled for April 21, 2025, to shareholders of record as of April 14 [1]. - The bank has increased its dividend for 59 consecutive quarters, with a current dividend payout ratio of 27% [1][2]. - The forward dividend yield, based on a closing price of $43.38 as of April 1, is 4% [2]. Capital Distribution Activities - Bank OZK has an ongoing share repurchase program authorized for up to $200 million, set to expire on July 1, 2025 [3]. - The previous repurchase plan allowed for $300 million worth of shares and expired on November 9, 2023, with $199.5 million remaining under the current authorization as of December 31, 2024 [3][4]. Financial Position - As of December 31, 2024, Bank OZK reported total debt of $893.5 million, cash and cash equivalents of $2.8 billion, net loans of $29.5 billion, and total deposits of $31 billion [5]. - The common equity Tier-1 capital ratio was 11.34%, and the total capital ratio was 14.49%, both exceeding regulatory requirements [5]. Market Performance - Bank OZK's shares have increased by 3.4% over the past six months, outperforming the industry growth of 2.6% [6].