Bank of the Ozarks Raises Dividend

Bank of the Ozarks is rewarding its shareholders by paying a higher dividend. The company has declared a common stock dividend of $0.19 per share, to be handed out on July 19 to shareholders of record as of July 12. That amount is $0.02, or 12%, higher than the company's previous disbursement of $0.17 per share, which was paid in mid-April.

The firm has been a reliable dividend payer over the years. Since October 2011, it has raised its distribution every quarter, from $0.10 per share to the present level.

The just-declared dividend annualizes to $0.76 per share. That yields 1.7% at Bank of the Ozarks' current stock price of $43.75.

The article Bank of the Ozarks Raises Dividend originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Bank of the Ozarks, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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