OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock
OceanFirst Financial Corp. (NASDAQ:OCFC) has declared a quarterly cash dividend of $0.4375 per share on its Series A Preferred Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
OceanFirst Financial Corp. (NASDAQ:OCFC) has declared a quarterly cash dividend of $0.4375 per share on its Series A Preferred Stock. This dividend is payable on November 15, 2021 to stockholders of record as of October 29, 2021. OceanFirst Bank, founded in 1902, offers a variety of financial services across New Jersey and major metropolitan areas, enhancing its reputation as one of the largest community-based financial institutions in the region.
Positive
- Quarterly cash dividend of $0.4375 per share declared.
- Dividend payable on November 15, 2021, indicating return to shareholders.
- OceanFirst Bank has a long-standing presence since 1902, reflecting stability.
Negative
- None.
Details
News Market Reaction – OCFC
The recorded move for OCFC in the trading session of this news was +2.03%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RED BANK, N.J., Oct. 19, 2021 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors has declared a quarterly cash dividend of
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
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