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 2 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
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