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OCFC Oceanfirst Financial dividend history, payout ratio & dates

Oceanfirst Financial's latest quarterly dividend of $0.2 per share was on Aug 5, 2022 (ex-date). The annualized dividend distribution of $0.71 per share represents a current dividend yield of 3.81%. The latest OCFC payment of $0.2 marks a dividend growth of 18%.

Key dates

  • OCFC last dividend date: Aug 5, 2022
  • OCFC next dividend date: Not announced
OCFC dividend stats
DPS
$0.71
Dividend yield
3.74%
Payout ratio
42.5%
vs. Financial Services sector
Dividend yield
2.95%
Payout ratio
30.2%

Dividend yield

What is Oceanfirst Financial current dividend yield

Oceanfirst Financial's dividend yield of 3.81% is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.95%, Oceanfirst Financial's dividend yield is 29% higher. The historical 5-year average of OCFC's dividend yield is 3.3%, which is below the current yield.

Dividend history

What is OCFC dividend payout history and dates

Oceanfirst Financial has a history of paying dividends since 1997. Our records of OCFC show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has decreased by 25% for the last twelve months. And with the price of the stock down by 15% from a year ago, the dividend yield has decreased by 12%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 5, 2022 Aug 19, 2022 Jul 28, 2022 $0.2 normal
May 6, 2022 May 20, 2022 $0.17 normal
Feb 4, 2022 Feb 18, 2022 Jan 27, 2022 $0.17 normal
Nov 5, 2021 Nov 19, 2021 Oct 28, 2021 $0.17 normal
Aug 6, 2021 Aug 20, 2021 Jul 29, 2021 $0.17 normal
Jul 29, 2021 Aug 16, 2021 Jul 20, 2021 $0.438 normal
May 7, 2021 May 21, 2021 Apr 29, 2021 $0.17 normal
Feb 5, 2021 Feb 19, 2021 Jan 28, 2021 $0.17 normal
Nov 6, 2020 Nov 20, 2020 Oct 29, 2020 $0.17 normal
Jul 31, 2020 Aug 14, 2020 Jul 23, 2020 $0.17 normal
May 1, 2020 May 15, 2020 Apr 22, 2020 $0.17 normal
Feb 4, 2020 Feb 19, 2020 Jan 27, 2020 $0.17 normal
Nov 1, 2019 Nov 15, 2019 Oct 23, 2019 $0.17 normal
Aug 2, 2019 Aug 16, 2019 Jul 24, 2019 $0.17 normal
May 3, 2019 May 17, 2019 Apr 24, 2019 $0.17 normal
Feb 1, 2019 Feb 15, 2019 Jan 23, 2019 $0.17 normal
Nov 2, 2018 Nov 16, 2018 Oct 24, 2018 $0.17 normal
Aug 3, 2018 Aug 17, 2018 Jul 25, 2018 $0.15 normal
May 4, 2018 May 18, 2018 Apr 25, 2018 $0.15 normal
Feb 2, 2018 Feb 16, 2018 Jan 24, 2018 $0.15 normal
Nov 3, 2017 Nov 17, 2017 Oct 25, 2017 $0.15 normal
Aug 3, 2017 Aug 18, 2017 Jul 26, 2017 $0.15 normal
May 4, 2017 May 19, 2017 Apr 27, 2017 $0.15 normal
Feb 2, 2017 Feb 17, 2017 Jan 25, 2017 $0.15 normal
Nov 3, 2016 Nov 18, 2016 Oct 19, 2016 $0.15 normal
Aug 4, 2016 Aug 19, 2016 Jul 20, 2016 $0.13 normal

Oceanfirst Financial dividend payout ratio

What is Oceanfirst Financial dividend payout ratio compared to the sector

Payout ratio

Oceanfirst Financial's payout ratio of 42.5% is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 30.2%, Oceanfirst Financial's payout ratio is 41% higher.

Total amount of dividends paid per financial year (from cash flow)

OCFC dividend vs peer dividends

How does OCFC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
PFS Provident Financial Services Inc 4.85% $0.96 45.9%
KRNY Kearny Financial Corp 4.09% $0.44 46.3%
OCFC Oceanfirst Financial Corp 3.74% $0.71 42.5%
NFBK Northfield Bancorp Inc 3.55% $0.52 39.7%

Frequently asked questions

Does Oceanfirst Financial pay a dividend?

Yes, Oceanfirst Financial has been paying dividends for the last 25 years.

When is Oceanfirst Financial's next dividend?

OCFC hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in November 2022.

When was OCFC's last dividend?

Oceanfirst Financial's last regular dividend was on Aug 5, 2022 (ex-date) with the amount of $0.2 per share.

How much dividend does Oceanfirst Financial pay (per share)?

OCFC's annualized dividend per share is $0.71.

What is Oceanfirst Financial's dividend yield?

The current dividend yield of Oceanfirst Financial is 3.81%.

How often does Oceanfirst Financial pay dividends?

Oceanfirst Financial has a quarterly dividend frequency.

What is Oceanfirst Financial's dividend payout ratio?

The dividend payout ratio of Oceanfirst Financial is 42.5%.

Does Oceanfirst Financial pay a good dividend?

Oceanfirst Financial's dividend yield is above the Financial Services sector average.