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, payable on May 15, 2023, to stockholders of record on April 28, 2023. This announcement reflects the company's commitment to returning value to its shareholders. OceanFirst Bank, a subsidiary of OceanFirst Financial, provides extensive financial services across New Jersey and major metropolitan areas including Philadelphia, New York, Baltimore, and Boston. Founded in 1902, it is recognized as one of the largest community-based financial institutions in New Jersey.

Positive

• Quarterly cash dividend of $0.4375 per share declared, showing commitment to shareholder returns.
• The dividend is scheduled for payment on May 15, 2023, ensuring timely income for shareholders.

Negative

• None.

RED BANK, N.J., April 18, 2023 (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 15, 2023 to stockholders of record on April 28, 2023.

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. declared a quarterly cash dividend of $0.4375 per share.

When will the dividend be paid to shareholders of OCFC?

The dividend will be paid on May 15, 2023.

When is the record date for the OCFC dividend?

The record date for the dividend is April 28, 2023.

How often does OceanFirst Financial Corp. pay dividends?

OceanFirst Financial Corp. pays dividends quarterly.