Bank OZK Rewards Its Shareholders With Dividend Hike of 2.1%

OZK raised its quarterly dividend for the 64th consecutive quarter and authorized a fresh $200 million share repurchase program, signaling continued confidence in cash generation. The combined dividend increase and buyback should be supportive for shareholder returns and may modestly lift the stock on the news.

Analysis

OZK raised its quarterly dividend for the 64th consecutive quarter and authorized a fresh $200 million share repurchase program, signaling continued confidence in cash generation. The combined dividend increase and buyback should be supportive for shareholder returns and may modestly lift the stock on the news.