OceanFirst Financial Increases Dividend by 2.94%

By Tamara Parker • Monday, April 21 10:03 • Permanent Link

OceanFirst Financial Corp. 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. This dividend is payable on May 15, 2025, to stockholders of record on April 30, 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 major metropolitan areas between Massachusetts and Virginia. The bank offers commercial and residential financing, treasury management, trust and asset management, and deposit services.

In the previous period, the company declared a quarterly cash dividend of $0.425 per share for every depositary share, representing 1/40th interest in the Series A Preferred Stock. This represents an increase of $0.0125 per share, or approximately 2.94%, compared to the previous period. As a result of these announcements, the company's shares have moved -0.5% on the market, and are now trading at a price of $15.67. If you want to know more, read the company's complete 8-K report here.

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