Portfolio Update
The FiveTwenty portfolio received $246 dividends in the past week. ORI paid a one-time special dividend during the week.
| Past Week Dividend | $246 |
| Current Quarter Dividend (Q4 2021) | $246 |
| LifeTime Dividend | $1,347.33 |
| Estimated Annual Dividend | $3,016.23 |
The capital allocation for the week of 10/10/2021 to 10/16/2021 will be used to add to our position in Bank OZK (NASDAQ: OZK)
OZK – Position Update
Since our last check-in on OZK in week 32 of 2021, the company declared Q4 2021 dividend of $0.29 per share on 10/01/2021. Additionally, the share price has increased by 2.1% from $43.16 to $44.09.
| TTM | Prev. Update | 10-year median | |
| Dividend Streak | 25 years | 25 years | |
| Yield | 2.53% | 2.59% | 1.42% |
| Payout Ratio | 27.5% | 27.5% | 25% |
| P/E | 10.83 | 10.22 | 14.94 |
Q2 2021 earnings report
Did OZK’s latest earnings report raise any warning flags?
We discussed the company’s 2021 financial results in the previous article. The strong Q1 2021 performance continued into Q2 2021. Overall, net income increased 199.5%, and EPS were 197.4% higher than the same period a year ago.
| Revenue (in millions) | Net Income (in millions) | EPS . | |
| Q2 2020 | – | $50.3 | $0.39 |
| Q2 2021 | – | $150.5 | $1.16 |
| % Change | – | 199.5% | 197.4% |
Additional noteworthy developments during the quarter:
- On 10/01/2021 the company declared it’s Q4 2021 dividend of $0.29 per share, an increase of 1.75% from the Q3 2021 dividend.
Thesis
Why are we adding OZK to the FiveTwenty portfolio?
Since there were no significant developments for the company since our last update, our investment thesis remains unchanged. With the share price more or less flat, we are taking the opportunity to add to our position in the company at a similar valuation to our initial investment ahead of the Q4 ex-dividend date.
Previous Articles
Additional Research
Photo by Eduardo Soares on Unsplash
One Reply to “2021 Week 41: Bank OZK (NASDAQ: OZK)”
Comments are closed.