Bank of the Ozarks Raises Dividend to 23 Cents

Bank of the Ozarks Inc. of Little Rock said Tuesday that its board of directors approved a penny increase to its quarterly dividend.

The publicly traded bank holding company (Nasdaq: OZRK) declared a quarterly cash dividend of 23 cents per share, up from 22 cents in the previous quarter.

The dividend is payable April 18 to shareholders of record as of April 11.

Bank of the Ozarks has increased its quarterly dividend in each of the last 15 quarters.

Bank of the Ozarks had $4.79 billion in total assets as of Dec. 31. It owns a state-chartered subsidiary bank that conducts operations through 141 offices in Arkansas, Georgia, Texas, North Carolina, Florida, Alabama, South Carolina, New York and California.