On Wednesday, April 1, 2026, the Board of Directors of Bank OZK (NASDAQ: OZK) announced a quarterly dividend increase from $0.46 to $0.47 per share. The dividend will be payable on April 20, 2026, to shareholders of record as of April 13, 2026. This represents a 2.17% increase over the prior quarterly dividend.
On a year-over-year basis, this marks a 9.3% increase compared to the dividend paid during the same period last year. Bank OZK continues its unique approach of raising the dividend every quarter and has now achieved 63 consecutive quarterly dividend increases.
Current Dividend Yield and Income Impact
At yesterday’s closing price of $46.31, this increase raises OZK’s forward dividend yield to approximately 3.97%.
As an owner of 140 shares of Bank OZK, this 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.
Long-Term Dividend Growth Track Record
Bank OZK is a Dividend Champion with a 30-year streak of dividend increases. According to Dividend Champions data, its dividend growth rates are:
- 1-year: 10.1%
- 3-year: 11.4%
- 5-year: 10.1%
- 10-year: 12.2%
This recent dividend increase marks the sixth consecutive raise I’ve received since initiating my position in September 2024. Over that time, the quarterly dividend has grown from $0.41 to $0.47 per share—an increase of approximately 14.6%.
At the time of writing, OZK represents about 0.66% of my portfolio and contributes approximately 0.70% of my projected annual dividend income. Following this increase, my yield on cost stands at 4.67%.
Quick Valuation Take
Bank OZK appears reasonably valued at current levels. The bank has demonstrated strong profitability and disciplined lending practices, which have supported its consistent performance over time.
Dividend Safety and Outlook
The dividend remains well supported by solid earnings and a conservative payout ratio. Bank OZK’s practice of quarterly dividend increases signals strong confidence from management and provides investors with a steadily growing income stream.
Final Thoughts
This was another steady and expected dividend increase from Bank OZK. The company’s commitment to quarterly raises makes it a unique and attractive income investment, and it continues to build a growing income stream in my portfolio.
Summary of 2026 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!
No comments:
Post a Comment