Bank Of The Ozarks Declares 2-for-1 Stock Split

(RTTNews) - Bank of the Ozarks, Inc. (OZRK) said Monday that its Board of Directors has declared a two-for-one stock split of its common stock payable in the form of a 100% stock dividend.

The two-for-one stock split is expected to be paid on or about June 23 to shareholders of record as of June 13.

The company currently has about 39.8 million shares of common stock outstanding, which includes shares issued in connection with the company's recent acquisition of Summit Bancorp, Inc. After the stock split, the current number of shares of common stock outstanding will increase to about 79.66 million shares.

This is the fourth two-for-one stock split of the company's common stock since its initial public offering in July 1997. The previous splits occurred in June 2002, December 2003 and August 2011.