Bank OZK (OZK) Dividend Up 4.5%: Should You Buy The Stock?
Zacks Investment Research | Apr 02, 2019 08:26AM ET
Bank OZK (NASDAQ:OZK) has announced an increase in its regular quarterly cash dividend. The company announced a dividend of 23 cents per share, indicating a 4.5% rise from the previous payout. The dividend will be paid on Apr 22, to shareholders on record as of Apr 15.
This marks 35 consecutive quarters of dividend hike by the company. Based on the latest hike, Bank OZK’s dividend yield now stands at 3.1%, considering last day’s closing price of $30.09. The yield is not only attractive for income investors but also represents a steady stream of income.
Also, over the past three months, shares of Bank OZK have rallied 27.2%, compared to 8.5% rise registered by the Original post
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