Bank OZK Raises Quarterly Dividend to $0.48

Bank OZK (NASDAQ: OZK) raised its quarterly dividend to $0.48 per share from $0.47, an increase of 2.13%. The ex-dividend date was July 13, 2026.

The increase extends the financial-services company’s dividend-growth record to 27 consecutive years. Bank OZK’s announcement said its board declared the higher cash distribution, continuing the bank’s practice of making regular incremental increases to its common-stock dividend. The release did not identify a specific reason for the latest increase. Bank OZK’s dividend history documents the progression of its quarterly distributions.

The dividend decision came as Bank OZK continued working to diversify its loan portfolio. In its subsequent quarterly earnings release, Chairman and Chief Executive Officer George Gleason said the bank had made “significant progress” on that effort and highlighted stronger capital ratios, book value growth and operating efficiency. Management did not explicitly link those developments to the dividend increase. Bank OZK’s second-quarter earnings release provides the broader operating context.

Based in Little Rock, Arkansas, Bank OZK operates a multistate banking franchise and serves commercial and consumer customers. Its investor-relations materials describe a sizable deposit and lending platform, with commercial real estate lending remaining an important part of its business. That exposure can make credit quality, funding costs and capital levels relevant considerations when assessing the durability of shareholder distributions.

What it means for income investors

At a reference share price of $49.34, Bank OZK’s forward annual dividend yield is 3.76%. The annual dividend per share is listed at $1.86.

SmarterDividends assigns the payout a dividend-safety score of 97 out of 100, corresponding to an A grade. Together with 27 consecutive years of dividend growth, that indicates a historically consistent distribution record. The latest action increases quarterly cash income for shareholders, although future dividends remain subject to board approval and the bank’s earnings, credit performance and capital requirements.