OZKAP - Bank OZK: Grab A 4.67% Preferred Dividend Yield

• Bank OZK is a well-known regional bank in the USA.
• The bank is changing its capital structure and has recently issued preferred shares, the proceeds of the offering will be used to buy back stock.
• Although the preferred issue is non-cumulative, I think the small discount to the call price make it an attractive proposition.
• I may sell my common shares and use the proceeds to buy some of the preferred shares.

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