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 its Series A Preferred Stock. This dividend will be payable on November 15, 2022 to stockholders of record as of October 31, 2022. OceanFirst Bank, a subsidiary founded in 1902, provides various financial services throughout New Jersey and major metropolitan areas including Philadelphia, New York, Baltimore, and Boston. The company is recognized as one of the largest community-based banks in New Jersey.

Positive

• Declared a quarterly cash dividend of $0.4375 per share, indicating a commitment to returning value to shareholders.
• Strong historical presence as a regional bank since 1902 enhances credibility and trust among investors.

Negative

• None.

RED BANK, N.J., Oct. 21, 2022 (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 depositary share, representing 1/40th interest in the Series A Preferred Stock, payable on November 15, 2022 to stockholders of record on October 31, 2022.

OceanFirst Financial Corp.’s subsidiary, OceanFirst Bank N.A., founded in 1902, is a regional bank providing financial services throughout New Jersey and in the major metropolitan markets of Philadelphia, New York, Baltimore, and Boston. OceanFirst Bank delivers commercial and residential financing, treasury management, trust and asset management, and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey. To learn more about OceanFirst, go to www.oceanfirst.com.

Company Contact:

Patrick S. Barrett
Chief Financial Officer
OceanFirst Financial Corp.
Tel: (732) 240-4500, ext. 7507
Email: Pbarrett@oceanfirst.com

FAQ

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

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

When is the dividend for OCFC payable?

The dividend will be payable on November 15, 2022.

What is the record date for the dividend payment from OceanFirst Financial Corp. (OCFC)?

The record date for the dividend payment is October 31, 2022.

What services does OceanFirst Bank provide?

OceanFirst Bank offers commercial and residential financing, treasury management, trust and asset management, and deposit services.