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

Rhea-AI Summary

OceanFirst Financial Corp. (NASDAQ: OCFC) announced a quarterly cash dividend of $0.4375 per share for its Series A Preferred Stock. This dividend is payable on May 17, 2021, to stockholders of record on April 30, 2021. Founded in 1902, OceanFirst Bank N.A., a subsidiary of OceanFirst Financial, operates in New Jersey, metropolitan Philadelphia, and New York City, providing a variety of financial services including commercial and residential financing, trust services, and asset management.

Positive

• Declared a quarterly cash dividend of $0.4375 per share, demonstrating financial strength.
• Consistent dividend payment provides a reliable income stream for shareholders.

Negative

• None.

RED BANK, N.J., April 20, 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 depositary share, representing 1/40th interest in the Series A Preferred Stock, payable on May 17, 2021 to stockholders of record on April 30, 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.?

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

When is the dividend payment date for the declared dividend?

The dividend is payable on May 17, 2021.

When is the record date for the dividend?

The record date for the dividend is April 30, 2021.

Is OceanFirst Financial Corp. consistent with its dividend payments?

Yes, OceanFirst Financial Corp. has a history of consistent dividend payments.