Bank OZK

OZK

Market cap $5.68B

Think large caps are still the best bet? The data say you are looking in the wrong place.

Bank OZK remains highly profitable, with Q1 net income of $159.3M and robust coverage of preferred dividends. OZK's disciplined underwriting is reflected in a 46% average LTV ratio, manageable loan loss provisions, and transparent quarterly loan reviews. The $200M share buyback program and successful monetization of $150M in foreclosed assets support capital returns and future earnings.

The window to lock in three July dividend checks is closing fast. Two of these stocks, Science Applications International and NetApp, go ex-dividend tomorrow, meaning today is the last trading day to buy shares and still qualify for the upcoming payment.

In this article series, I summarize dividend announcements of the past week. Only one stock (OZK) announced a dividend increase this week. The increase is modest at 2.1% but extends a remarkable record of 64 consecutive quarterly increases, compounding to an annual dividend growth rate of around 9%. OZK maintains a low 29% earnings payout ratio and a B+ Dividend Safety Grade, supporting ongoing dividend growth.

The US banking sector experienced a broad-based market rally in June. The market cap-weighted S&P US BMI Banks index's total return for the month was 9.3%, compared to a 1% decline in the S&P 500.

OZK raises its quarterly dividend for the 64th straight quarter while continuing to return capital through a fresh $200-million share repurchase program.

Sixty-four consecutive quarters of increased quarterly cash dividend on its common stock Sixty-four consecutive quarters of increased quarterly cash dividend on its common stock

LITTLE ROCK, Ark., June 30, 2026 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) expects to report its second quarter 2026 earnings after the market closes on Tuesday, July 21, 2026. Management comments on the second quarter of 2026 will be released simultaneously with the earnings press release and financial supplement which will be available on the Bank's investor relations website.

OZK launches a new $200 million share repurchase program through July 2027, extending its capital return strategy alongside steady dividend growth.

LITTLE ROCK, Ark., June 29, 2026 (GLOBE NEWSWIRE) -- Bank OZK (the “Bank”) (Nasdaq: OZK) today announced that its Board of Directors has approved a stock repurchase program (the “Stock Repurchase Program”) authorizing the purchase of up to $200 million of outstanding common stock. The Stock Repurchase Program has received all necessary regulatory approvals and will become effective July 1, 2026, upon the expiration of the Bank's current stock repurchase program, and will remain in effect through July 1, 2027, unless extended or shortened by the Board of Directors.