OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing demand deposits, and time deposits to retail, government, and business customers. The company also offers commercial real estate, multi-family, land loans, construction, and commercial and industrial loans; fixed-rate and adjustable-rate mortgage loans that are secured by one-to-four family residences; and consumer loans, such as home equity loans and lines of credit, student loans, overdraft line of credit, loans on savings accounts, and other consumer loans. In addition, it invests in mortgage-backed securities, securities issued by the U.S. Government and agencies, corporate securities, and other investments. Further, the company offers bankcard, wealth management, and trust and asset management services; and sells alternative investment products and life insurance products. As of December 31, 2021, it operated through its branch office in Toms River; administrative office located in Red Bank and Mount Laurel; 46 additional branch offices and four deposit production facilities located throughout central and southern New Jersey; and commercial loan production offices in New Jersey, New York City, the Philadelphia area, Baltimore, and Boston. The company was founded in 1902 and is based in Red Bank, New Jersey.
OceanFirst Financial Dividend Announcement
• OceanFirst Financial announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-11-15. Ex dividend date: 2024-11-04
• OceanFirst Financial annual dividend for 2024 was $0.80
• OceanFirst Financial annual dividend for 2023 was $0.80
• OceanFirst Financial's trailing twelve-month (TTM) dividend yield is 4.51%
• OceanFirst Financial's payout ratio for the trailing twelve months (TTM) is 48.25%
• OceanFirst Financial's dividend growth over the last five years (2018-2023) was 5.23% year
• OceanFirst Financial's dividend growth over the last ten years (2013-2023) was 5.24% year
OceanFirst Financial Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-04 | $0.20 | quarterly | 2024-11-15 |
| 2024-08-05 | $0.20 | quarterly | 2024-08-16 |
| 2024-05-03 | $0.20 | quarterly | 2024-05-17 |
| 2024-02-02 | $0.20 | quarterly | 2024-02-16 |
| 2023-11-03 | $0.20 | quarterly | 2023-11-17 |
| 2023-08-04 | $0.20 | quarterly | 2023-08-18 |
| 2023-05-05 | $0.20 | quarterly | 2023-05-19 |
| 2023-02-03 | $0.20 | quarterly | 2023-02-17 |
| 2022-11-04 | $0.20 | quarterly | 2022-11-18 |
| 2022-08-05 | $0.20 | quarterly | 2022-08-19 |
| 2022-05-06 | $0.17 | quarterly | 2022-05-20 |
| 2022-02-04 | $0.17 | quarterly | 2022-02-18 |
| 2021-11-05 | $0.17 | quarterly | 2021-11-19 |
| 2021-08-06 | $0.17 | quarterly | 2021-08-16 |
| 2021-05-07 | $0.17 | quarterly | 2021-05-21 |
| 2021-02-05 | $0.17 | quarterly | 2021-02-19 |
| 2020-11-06 | $0.17 | quarterly | 2020-11-20 |
| 2020-07-31 | $0.17 | quarterly | 2020-08-14 |
| 2020-05-01 | $0.17 | quarterly | 2020-05-15 |
| 2020-02-04 | $0.17 | quarterly | 2020-02-19 |
| 2019-11-01 | $0.17 | quarterly | 2019-11-15 |
| 2019-08-02 | $0.17 | quarterly | 2019-08-16 |
| 2019-05-03 | $0.17 | quarterly | 2019-05-17 |
| 2019-02-01 | $0.17 | quarterly | 2019-02-15 |
| 2018-11-02 | $0.17 | quarterly | 2018-11-16 |
| 2018-08-03 | $0.15 | quarterly | 2018-08-17 |
| 2018-05-04 | $0.15 | quarterly | 2018-05-18 |
| 2018-02-02 | $0.15 | quarterly | 2018-02-16 |
| 2017-11-03 | $0.15 | quarterly | 2017-11-17 |
| 2017-08-03 | $0.15 | quarterly | 2017-08-18 |
| 2017-05-04 | $0.15 | quarterly | 2017-05-19 |
| 2017-02-02 | $0.15 | quarterly | 2017-02-17 |
| 2016-11-03 | $0.15 | quarterly | 2016-11-18 |
| 2016-08-04 | $0.13 | quarterly | 2016-08-19 |
| 2016-05-05 | $0.13 | quarterly | 2016-05-20 |
| 2016-01-28 | $0.13 | quarterly | 2016-02-12 |
| 2015-10-29 | $0.13 | quarterly | 2015-11-13 |
| 2015-07-30 | $0.13 | quarterly | 2015-08-14 |
| 2015-04-30 | $0.13 | quarterly | 2015-05-15 |
| 2015-01-29 | $0.13 | quarterly | 2015-02-13 |
| 2014-10-30 | $0.13 | quarterly | 2014-11-14 |
| 2014-07-31 | $0.12 | quarterly | 2014-08-15 |
| 2014-05-01 | $0.12 | quarterly | 2014-05-16 |
| 2014-01-30 | $0.12 | quarterly | 2014-02-14 |
| 2013-10-24 | $0.12 | quarterly | 2013-11-08 |
| 2013-07-25 | $0.12 | quarterly | 2013-08-09 |
| 2013-04-25 | $0.12 | quarterly | 2013-05-10 |
| 2013-01-31 | $0.12 | quarterly | 2013-02-15 |
OceanFirst Financial Dividend per year
OceanFirst Financial Dividend growth
OceanFirst Financial Dividend Yield
OceanFirst Financial current trailing twelve-month (TTM) dividend yield is 4.51%. Interested in purchasing OceanFirst Financial stock? Use our calculator to estimate your expected dividend yield:
OceanFirst Financial Financial Ratios
P/E ratio9.73
PEG ratio1.22
P/B ratio0.61
ROE6.32%
Payout ratio48.25%
Current ratio0.09
Quick ratio3.79
Cash Ratio0.07
OceanFirst Financial Dividend FAQ
How much is the next OceanFirst Financial dividend?
OceanFirst Financial's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next OceanFirst Financial dividend. The next OceanFirst Financial dividend will be released in February, May, August, or November.
When is OceanFirst Financial dividend paid?
OceanFirst Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does OceanFirst Financial pay?
The specific amount of OceanFirst Financial dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find OceanFirst Financial's dividend history.
Does OceanFirst Financial stock pay dividends?
Yes, OceanFirst Financial does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find OceanFirst Financial's dividend history.
How much dividend does OceanFirst Financial pay?
OceanFirst Financial paid $0.8 in 2024, $0.8 in 2023, $0.74 in 2022, $0.68 in 2021, and $0.68 in 2020.
How often does OceanFirst Financial pay dividends?
OceanFirst Financial typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is OceanFirst Financial's dividend yield?
The current dividend yield for OceanFirst Financial is 4.51%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate OceanFirst Financial's exact dividend yield.
When does OceanFirst Financial go ex dividend?
OceanFirst Financial's ex-dividend date for the latest dividend was on 2024-11-04. OceanFirst Financial typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next OceanFirst Financial dividend paid?
OceanFirst Financial pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will OceanFirst Financial increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether OceanFirst Financial will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is OceanFirst Financial dividend per share?
OceanFirst Financial paid $0.8 per share in 2024 and $0.8 per share in 2023. The amount of dividend per share that OceanFirst Financial pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is OceanFirst Financial a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is OceanFirst Financial a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is OceanFirst Financial a dividend stock?
Yes, OceanFirst Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is OceanFirst Financial a good dividend stock?
Whether OceanFirst Financial is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. OceanFirst Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating OceanFirst Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating OceanFirst Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does OceanFirst Financial pay dividends monthly?
OceanFirst Financial typically pays dividends on a quarterly basis.
Does OceanFirst Financial pay dividends quarterly?
OceanFirst Financial currently pays dividends on a quarterly basis.
Has OceanFirst Financial ever paid a dividend?
Yes, OceanFirst Financial has a history of paying dividends to its shareholders. OceanFirst Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy OceanFirst Financial dividend stocks?
To buy OceanFirst Financial you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy OceanFirst Financial stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy OceanFirst Financial stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does OceanFirst Financial pay dividends 2024?
OceanFirst Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-15. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will OceanFirst Financial increase its dividend in 2024?
Decisions regarding OceanFirst Financial dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date OceanFirst Financial dividend overview you can look into the above table of dividend history.
How OceanFirst Financial dividend works?
The OceanFirst Financial dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how OceanFirst Financial's dividend process works:
1. Determination of Dividend: OceanFirst Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, OceanFirst Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, OceanFirst Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from OceanFirst Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: OceanFirst Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, OceanFirst Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, OceanFirst Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from OceanFirst Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are OceanFirst Financial dividends paid?
OceanFirst Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: OceanFirst Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, OceanFirst Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: OceanFirst Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: OceanFirst Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, OceanFirst Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: OceanFirst Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does OceanFirst Financial pay dividends?
OceanFirst Financial typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does OceanFirst Financial pay dividends?
The general pattern is that OceanFirst Financial pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is OceanFirst Financial dividend safe?
The safety of OceanFirst Financial's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of OceanFirst Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review OceanFirst Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of OceanFirst Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review OceanFirst Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.