LITTLE ROCK, Ark., July 01 10, 2022 (GLOBE NEWSWIRE) — OZK Bank (the “Bank”) (OZK) announced that its Board of Directors has declared a quarterly cash dividend on the Bank’s common stock of $0.32 per share, in up $0.01, or 3.23%, from the previous quarter. The common stock dividend is payable on July 22, 2022 to shareholders of record on July 15, 2022. OZK Bank has increased its quarterly cash dividend on its common stock in each of the past forty-eight quarters.
The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the 4.625% Non-Cumulative Series A Perpetual Preferred Shares (“Series A Preferred Shares”) of the Bank for the period from May 15, 2022 to, but excluding August 15, 2022. The dividend on the Series A Preferred Shares is payable on August 15, 2022 to registered holders of the Series A Preferred Shares at the close of business on August 1, 2022.
OZK Bank’s consistent track record of increasing its common stock dividend led to it being included in the S&P High Yield Dividend Aristocrats® (Ticker: SPHYDA) since January 2018. The index is composed of members of the S&P Composite 1500® that have followed a dividend management policy of steadily increasing common stock dividends each year for at least 20 years, and that meet minimum free float-adjusted market capitalization and liquidity requirements. For more information on the index, visit www.spglobal.com/spdji.
Bank OZK (OZK) is a regional bank offering innovative financial solutions provided by expert bankers in a relentless pursuit of excellence. Founded in 1903, Bank OZK conducts banking business with more than 240 offices in eight states, including Arkansas, Georgia, Florida, North Carolina, Texas, New York, California and Mississippi, and had in total assets of $26.56 billion as of March 31, 2022. Bank OZK can be found at www.ozk.com and on Facebook, Twitter and LinkedIn or contacted at (501) 978-2265 or PO Box 8811, Little Rock , Arkansas 72231-8811.
The Bank files annual, quarterly and current reports, proxy materials and other information required by the Securities Exchange Act of 1934 with the Federal Deposit Insurance Corporation (“FDIC”), copies of which are available electronically at the FDIC website at https://efr.fdic.gov/fcxweb/efr/index.html and are also available on the Bank’s Investor Relations website at ir.ozk.com. To receive automatic email alerts for these materials, please visit https://ir.ozk.com/other/email-alerts to sign up.
|Contact with Investor Relations:||Jay Staley, (501) 906-7842|
|Media Contact:||Candace Graham, (501) 320-4165|