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%.
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.
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%.
| 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'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.
| 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% |
Yes, Oceanfirst Financial has been paying dividends for the last 25 years.
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.
Oceanfirst Financial's last regular dividend was on Aug 5, 2022 (ex-date) with the amount of $0.2 per share.
OCFC's annualized dividend per share is $0.71.
The current dividend yield of Oceanfirst Financial is 3.81%.
Oceanfirst Financial has a quarterly dividend frequency.
The dividend payout ratio of Oceanfirst Financial is 42.5%.
Oceanfirst Financial's dividend yield is above the Financial Services sector average.