The new dividend rate, totaling $1.92 on an annualized basis, reflects a 3.6% yield calculated against Wednesday’s closing share price of $52.85. Shareholders on record as of July 13 will receive the distribution on July 20.

This dividend growth streak underscores a consistent strategy for the Little Rock-based institution. The board’s decision to pair this increase with a substantial $200 million repurchase plan suggests a focus on bolstering shareholder value following recent market activity.