Bank OZK (NASDAQ:OZK) announced today that its Board of Directors declared a quarterly cash dividend of $0.48 per share on common stock, representing an increase of $0.01, or 2.13%, from the previous quarter, according to a press release statement. The bank’s shares currently trade at $52.86 with a dividend yield of 3.61%, while the stock maintains an attractive P/E ratio of 8.59.

The common stock dividend will be payable on July 20, 2026, to shareholders of record as of July 13, 2026. This marks the 64th consecutive quarter that the bank has increased its quarterly cash dividend on common stock. According to InvestingPro analysis, the company appears undervalued at current levels, with 5 additional ProTips available to subscribers highlighting the bank’s financial strengths and market position.

The Board of Directors also declared a quarterly cash dividend of $0.28906 per share on the bank’s 4.625% Series A Non-Cumulative Perpetual Preferred Stock (NASDAQ:OZKAP) for the period covering May 15, 2026, through August 15, 2026. The preferred stock dividend will be payable on August 17, 2026, to holders of record at the close of business on August 3, 2026.