Bank OZK (OZK) will raise its quarterly dividend by another 4.2 percent to $0.25 per share 2019. This is the third dividend hike announced by the bank holding company this year. Bank OZK has increased its quarterly cash dividend in each of the last thirty-seven quarters.

The next dividend is payable October 18, 2019 to shareholders of record as of October 11, 2019. A new annualized dividend rate of $1.00 per share yields 3.8% at a stock price of $26.53.

Bank OZK, formerly Bank of the Ozarks, Inc. is a bank holding company. The Company owns a state-chartered subsidiary bank that conducts banking operations in Arkansas, Georgia, North Carolina, Texas, Florida, Alabama, South Carolina, New York and California. The company's deposit services, including checking, savings, money market, time deposit and individual retirement accounts and loan services, including real estate, consumer, commercial, industrial and agricultural loans and leasing services. OZK also provides services such as mortgage lending, lock box services and  financial planning and operates ATMs.