OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock

Rhea-AI Summary

OceanFirst Financial Corp. (NASDAQ: OCFC) has declared a quarterly cash dividend of $0.4375 per share for each depository share representing a 1/40th interest in the Series A Preferred Stock. The dividend is payable on February 15, 2021, to shareholders on record as of January 29, 2021.

Founded in 1902, OceanFirst Bank N.A. is a leading regional bank serving the New Jersey, Philadelphia, and New York City markets, offering a range of financial services including commercial and residential financing.

Positive

• Quarterly cash dividend of $0.4375 per share highlights company profitability.
• Confidence in shareholder returns indicated by consistent dividend payments.

Negative

• None.

RED BANK, N.J., Jan. 19, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of $0.4375 per share for every depository share, representing 1/40th interest in the Series A Preferred Stock, payable on February 15, 2021 to stockholders of record on January 29, 2021.

OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a regional bank operating throughout New Jersey, metropolitan Philadelphia and metropolitan New York City.  OceanFirst Bank delivers commercial and residential financing solutions, trust and asset management and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey.

OceanFirst Financial Corp.’s press releases are available by visiting us at www.oceanfirst.com.

Company Contact:
  
Michael J. Fitzpatrick
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732) 240-4500, ext. 7506
Email: Mfitzpatrick@oceanfirst.com

FAQ

What is the dividend amount declared by OceanFirst Financial Corp. (OCFC)?

OceanFirst Financial Corp. has declared a dividend of $0.4375 per share.

When is the dividend payment date for OCFC shareholders?

The dividend payment date is February 15, 2021.

What is the record date for receiving the dividend from OCFC?

The record date for the dividend is January 29, 2021.

Is the dividend from OceanFirst Financial Corp. sustainable?

The sustainability of the dividend can be assessed based on the company's financial performance and profitability.