Bank of the Ozarks Hikes Dividend 13 Percent

Bank of the Ozarks Inc. of Little Rock said Monday that it increasing its quarterly dividend by 2 cents per share.

The dividend of 17 cents per share is payable on April 19.

The board of directors approved the 13.3 percent increase payable to shareholders of record as of April 12.

The move marks the 11th consecutive quarter Bank of the Ozarks has increased its dividend.

The $4 billion-asset lender operates 117 offices in Arkansas, Georgia, Texas, Florida, Alabama, North Carolina and South Carolina.