Bank OZK (OZK), formerly Bank of the Ozarks (OZRK), will raise its quarterly dividend by another 5.0 percent to $0.21 per share in the fourth quarter of 2018.

The bank holding company has increased its quarterly cash dividend in each of the last thirty-three quarters.

The increased dividend is payable October 19, 2018 to shareholders of record as of October 12, 2018. The ex-date for this next dividend of 21 cents is October 11, 2018. With a total dividend increase of 13.5 percent 2018 will mark the 20th consecutive year of dividend increases for Bank OZK.

The new annual dividend of 84 cents per share translates into an estimated dividend yield of 2.2% at a stock price of $38.31 for Bank OZK.

Bank OZK, formerly Bank of the Ozarks, Inc. is a bank holding company. The company provides a wide range of retail and commercial banking services through offices in Arkansas, Georgia, Florida, North Carolina, Texas, Alabama, South Carolina, California, New York and Mississippi. Deposit services include checking, savings, money market, time deposit and individual retirement accounts. Loan services include various types of real estate, consumer, commercial, industrial and agricultural loans. OZK also provides treasury management services for businesses, individuals and non-profit and governmental entities.