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 depositary shares. This dividend is payable on May 16, 2022 to stockholders of record as of April 29, 2022. OceanFirst Bank N.A., the company's subsidiary, provides 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 indicates a return of value to shareholders.
• The dividend payment reflects the company's ongoing profitability and commitment to shareholders.

Negative

• None.

RED BANK, N. J., April 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 May 16, 2022 to stockholders of record on April 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:                                                                                     
  
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. for April 2022?

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

When is the dividend payment date for OCFC?

The dividend payment date is set for May 16, 2022.

Who are the stockholders eligible for the dividend from OCFC?

Stockholders of record on April 29, 2022, are eligible for the dividend.

How often does OceanFirst Financial Corp. declare dividends?

OceanFirst Financial Corp. typically declares dividends quarterly.