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, set for payment on February 15, 2022. The dividend is applicable to stockholders of record as of January 31, 2022, representing a 1/40th interest in the Series A Preferred Stock. This decision reflects the company’s ongoing commitment to return value to shareholders while maintaining a robust financial standing.

Positive

• Quarterly cash dividend of $0.4375 per share announced, providing income for shareholders.
• Demonstrates company confidence in sustaining shareholder returns.

Negative

• None.

RED BANK, N.J., Jan. 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 February 15, 2022 to stockholders of record on January 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 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. (OCFC)?

The dividend amount declared is $0.4375 per share.

When is the dividend payment date for OCFC?

The dividend payment date is February 15, 2022.

What is the record date for the OCFC dividend?

The record date for the dividend is January 31, 2022.

How often does OceanFirst Financial Corp. pay dividends?

OceanFirst Financial Corp. typically pays dividends quarterly.

Is the OCFC dividend sustainable?

The announcement of the dividend suggests the company is confident in its financial position.