OceanFirst Financial Corp. Announces Quarterly Dividend of $0.44 (NASDAQ:OCFCP)

OceanFirst Financial Corp. (NASDAQ:OCFCP) declared a quarterly dividend on Monday, October 21st, Wall Street Journal reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.4375 per share on Friday, November 15th. This represents a $1.75 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend is Thursday, October 31st.

OceanFirst Financial has raised its dividend payment by an average of 24.2% per year over the last three years.

OceanFirst Financial Stock Performance

NASDAQ OCFCP traded up $0.11 during trading hours on Monday, reaching $25.25. The company’s stock had a trading volume of 1,507 shares, compared to its average volume of 2,683. The business has a 50-day simple moving average of $25.06 and a 200 day simple moving average of $24.82. OceanFirst Financial has a 52 week low of $22.40 and a 52 week high of $25.39.

About OceanFirst Financial

OceanFirst Financial Corp. operates as the bank holding company for OceanFirst Bank N.A. that provides community banking services to retail and commercial customers. It accepts money market accounts, savings accounts, interest-bearing checking accounts, non-interest-bearing accounts, and time deposits, that includes brokered deposits to retail, government, and business customers.