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

Rhea-AI Summary

OceanFirst Financial Corp (NASDAQ: OCFC) has announced a quarterly cash dividend for its Series A Preferred Stock. The company will pay $0.4375 per depositary share, representing 1/40th interest in the Series A Preferred Stock. The dividend is scheduled for payment on February 17, 2025, to stockholders of record as of January 31, 2025.

OceanFirst Bank N.A., the company's subsidiary founded in 1902, operates as a regional bank providing financial services throughout New Jersey and major metropolitan areas between Massachusetts and Virginia. The bank offers commercial and residential financing, treasury management, trust and asset management, and deposit services.

Positive

• Regular quarterly dividend maintained, showing financial stability
• Continued commitment to shareholder returns through preferred stock dividends

Negative

• None.

News Market Reaction – OCFC

-0.78%

1 alert

-0.78% News Effect

On the day this news was published, OCFC declined 0.78%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

RED BANK, N.J., Jan. 21, 2025 (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 17, 2025 to stockholders of record on January 31, 2025.

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 areas between Massachusetts and Virginia. 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. 27507
Email: Pbarrett@oceanfirst.com

FAQ

What is the dividend amount for OCFC Series A Preferred Stock in Q1 2025?

OceanFirst Financial Corp declared a quarterly dividend of $0.4375 per depositary share for Series A Preferred Stock.

When is the OCFC Series A Preferred Stock dividend payable?

The dividend is payable on February 17, 2025, to stockholders of record as of January 31, 2025.

What is the geographic coverage of OceanFirst Bank's operations?

OceanFirst Bank operates throughout New Jersey and in major metropolitan areas between Massachusetts and Virginia.

What financial services does OceanFirst Bank provide?

OceanFirst Bank provides commercial and residential financing, treasury management, trust and asset management, and deposit services.