Bank of the Ozarks Inc. of Little Rock on Monday said it was increasing its quarterly dividend by 6.25 percent from the previous quarter.
The bank company (Nasdaq: %%OZRK%%) said its board approved a regular quarterly cash dividend of 17 cents per common share payable Jan. 21 to shareholders of record as of Jan. 14.
The dividend marks a 1-cent increase from the one paid in the third quarter. The company has increased its quarterly dividend in four of the last five quarters.
Bank of the Ozarks had $3.2 billion in total assets as of Sept. 30. It has 90 offices in Arkansas, Texas, Georgia, Florida, South Carolina, North Carolina and Alabama.