Bank OZK Increases Quarterly Common Stock Dividend By 2.78% From $0.36 To $0.37 Per Share
Portfolio Pulse from Benzinga Newsdesk
Bank OZK has announced a 2.78% increase in its quarterly common stock dividend from $0.36 to $0.37 per share. The dividend will be payable on October 20, 2023, to shareholders of record as of October 13, 2023.
October 02, 2023 | 8:03 pm
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POSITIVE IMPACT
Bank OZK's decision to increase its quarterly common stock dividend may be seen as a positive sign by investors, potentially leading to a short-term increase in the stock price.
Dividend increases are often viewed positively by investors as they indicate a company's strong financial health and commitment to returning capital to shareholders. This could lead to increased demand for the stock, potentially driving up the price in the short term.
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