Tuesday, July 1st the Board of Directors of Bank OZK (OZK) announced a quarterly dividend increase of from $0.43 to $0.44 per share, that’s payable July 18, 2025 to holders of record July 11, 2025. This represents a 2.33% increase over the last quarterly dividend.
This is a 10.0% increase over the dividend paid during the same time last year, Bank OZK raise dividends every quarter and have raised quarterly dividends for 60 quarters in a row.
At the current price of $49.35 (today's open), this increase will raise OZK's dividend yield to 3.57%.
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 140 shares of Bank OZK, the recent dividend increase adds $4.17 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 third dividend increase I received from Bank OZK since initiating a position September 2024.
The moment of writing, OZK’s weight of my portfolio is about 0.82% and its share of future annual dividend income is approximately 0.70%.
Following this increase, my yield on cost is 4.37%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long OZK
Thanks for stopping by!
Great news for us investors! Just a heads up, i think you forgot a number where you wrote that they are a dividend champion with "2" years of increases.
ReplyDeleteCheers.
Hi Matt, thanks for your remark! It's now fixed.
DeleteCheers,
DH