Tuesday, April 1st the Board of Directors of Bank OZK (OZK) announced a quarterly dividend increase of from $0.42 to $0.43 per share that’s payable April 21, 2025 to holders of record April 14, 2025. This represents a 2.38% increase over the last quarterly dividend.
This is a 10.26% increase over the dividend paid during the same time last year, OZK raise dividends every quarter and have raised quarterly dividends for 59 quarters in a row.
With current price $43.02 (today's open), this raise brings their dividend yield to 4.00%.
Bank OZK is a Dividend Champions with a 29 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 11.3, 11.7, 10.9 and 12.9 (Dividend Champions.xls)
As an owner of 100 shares of Bank OZK, the recent dividend increase adds $2.98 to my projected annual net dividend income.
The increase was in line with my expectations and I am happy to accept it.
This is the second dividend increase I received from Bank OZK since initiating a position September 2024.
Following this increase, my yield on cost is 4.26%.
Summary of 2025 Dividend Increases / Cuts
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You can follow the development of my dividends here.
Full Disclosure: Long OZK
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