Bank OZK (OZK) hiked its quarterly cash dividend by 2.4% to 42 cents per share. The dividend will be paid out on Jan. 21, 2025, to shareholders of record as of Jan. 14.The bank has hiked its quarterly cash dividend in each of the last 58 quarters. Before the recent hike, the bank increased its dividend by 2.5% to 41 cents per share in October 2024. It has a dividend payout ratio of 26%.Based on its closing price of $43.83 as of Jan. 2, OZK’s forward dividend yield, considering the increased payout, is 3.8%. ...