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Bank OZK's Preferred Stock Shares Cross 7% Yield Mark

In trading on Thursday, shares of Bank OZK's 4.625% A Non-Cumulative Perpetual Preferred Stock (OZKAP) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.1562), with shares changing hands as low as $16.50 on the day. This compares to an average yield of 6.65% in the "Financial" preferred stock category, according to Preferred Stock Channel..

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Bank OZK (OZK)