Bank OZK Announces Increase To Quarterly Common Stock Dividend From $0.38 To $0.39 Per Share
Portfolio Pulse from Benzinga Newsdesk
Bank OZK announced an increase in its quarterly common stock dividend from $0.38 to $0.39 per share, marking the 55th consecutive quarter of dividend growth. Additionally, a dividend for its Series A Preferred Stock was declared at $0.28906 per share. Bank OZK's consistent dividend growth has secured its place in the S&P High Yield Dividend Aristocrats index since January 2018.
April 01, 2024 | 8:20 pm
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POSITIVE IMPACT
Bank OZK increases its quarterly common stock dividend to $0.39 per share, continuing a long streak of dividend growth.
The increase in dividend reflects positively on Bank OZK's financial health and commitment to returning value to shareholders. This consistent growth in dividends could attract dividend-focused investors, potentially boosting the stock's demand and price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Bank OZK declares a quarterly cash dividend of $0.28906 per share on its Series A Preferred Stock.
The declaration of dividends for Series A Preferred Stock indicates Bank OZK's ability to generate sufficient earnings to cover dividend payments, which is a positive signal for investors. This could lead to increased interest in OZKAP shares, potentially driving up their price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80