Bank OZK (NASDAQ:OZK) Announces Quarterly Dividend of $0.46

Bank OZK (NASDAQ:OZK) declared a quarterly dividend on Friday, January 2nd. Shareholders of record on Tuesday, January 13th will be given a dividend of 0.46 per share on Tuesday, January 20th. This represents a c) dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Tuesday, January 13th. This is a 2.2% increase from Bank OZK’s previous quarterly dividend of $0.45.

Bank OZK has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 29 years. Bank OZK has a dividend payout ratio of 28.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Bank OZK to earn $6.75 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 27.3%.

Bank OZK Price Performance

Shares of OZK opened at $48.31 on Friday. Bank OZK has a 52 week low of $35.71 and a 52 week high of $53.66. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.40 billion, a price-to-earnings ratio of 7.79 and a beta of 0.90. The stock has a 50 day moving average of $46.20 and a 200-day moving average of $48.80.

Bank OZK (NASDAQ:OZK) last announced its quarterly earnings data on Thursday, October 16th. The company reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by ($0.07). The firm had revenue of $449.94 million for the quarter, compared to the consensus estimate of $447.93 million. Bank OZK had a return on equity of 13.00% and a net margin of 25.81%.During the same quarter last year, the business earned $1.55 earnings per share. As a group, analysts forecast that Bank OZK will post 6.02 EPS for the current year.

About Bank OZK

Bank OZK, formerly known as Bank of the Ozarks, is a regional commercial bank headquartered in Little Rock, Arkansas. Established in 1903, the bank offers a full suite of banking products and services to both individual and corporate clients. Through a combination of organic growth and targeted acquisitions, Bank OZK has built a diversified lending portfolio and a strong deposit franchise.

The bank’s core operations focus on commercial real estate lending, including acquisition, development and construction financing.