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

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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 August 15, 2022, to stockholders of record by July 29, 2022. OceanFirst Bank N.A., established in 1902, offers a range of financial services across New Jersey and major metropolitan areas, including Philadelphia and New York.

Positive
  • Quarterly cash dividend of $0.4375 per share enhances shareholder income.
  • Demonstrates the company's confidence in its ongoing financial stability.
Negative
  • None.

RED BANK, N. J., July 19, 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 August 15, 2022 to stockholders of record on July 29, 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, Washington D.C., 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. in July 2022?

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

When will the dividend be paid to shareholders?

The dividend will be paid on August 15, 2022.

Who is eligible to receive the dividend from OceanFirst Financial Corp.?

Shareholders of record by July 29, 2022, are eligible to receive the dividend.

OceanFirst Financial Corp

NASDAQ:OCFC

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