Bank OZK hikes dividend by 3.2%

Bank OZK (OZK) will raise its quarterly dividend by 3.2 percent to 32 cents per share in Q3 of 2022. This is the third dividend hike in 2022. Last year OZK announced four dividend hikes. 

The common stock dividend is payable on July 22, 2022 to shareholders of record as of July 15, 2022. Bank OZK has increased its quarterly cash dividend on its common stock in each of the last forty-eight quarters.

Bank OZK, formerly Bank of the Ozarks, Inc. is a bank holding company. The Company owns a state-chartered subsidiary bank that conducts banking operations in Arkansas, Georgia, North Carolina, Texas, Florida, Alabama, South Carolina, New York and California. The company's deposit services, including checking, savings, money market, time deposit and individual retirement accounts and loan services, including real estate, consumer, commercial, industrial and agricultural loans and leasing services. OZK also provides services such as mortgage lending, lock box services and  financial planning and operates ATMs. The company has paid a dividend to shareholders every year since 1998.