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OceanFirst Financial Corp. Declares Quarterly Cash Dividend for Series A Preferred Stock

1. OceanFirst declared a quarterly cash dividend of $0.4375 per share. 2. Dividend payment is set for February 17, 2025, to stockholders on January 31. 3. OceanFirst is a significant regional bank in New Jersey and adjacent states. 4. The bank offers various financial services, enhancing its market presence. 5. This dividend reflects the company’s financial stability and commitment to shareholders.

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FAQ

Why Bullish?

Dividends typically signal financial health, potentially boosting investor confidence.

How important is it?

A consistent dividend declaration is important for attracting and retaining investors.

Why Short Term?

The immediate effect of the dividend announcement may lead to short-term price appreciation.

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OCFC
January 21, 2025 17:21 ET  | Source: OceanFirst Financial Corp. RED BANK, N.J., Jan. 21, 2025 (GLOBE NEWSWIRE) -- OceanFirst Financial Corp. (NASDAQ:“OCFC”), (the “Company”), announced that its Board of Directors 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, payable on February 17, 2025 to stockholders of record on January 31, 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 the major metropolitan areas between Massachusetts and Virginia. OceanFirst Bank delivers commercial and residential financing, treasury management, trust and asset management, and deposit services and is one of the largest and oldest community-based financial institutions headquartered in New Jersey. To learn more about OceanFirst, go to www.oceanfirst.com. Company Contact: Patrick S. BarrettChief Financial OfficerOceanFirst Financial Corp. Tel: (732) 240-4500, ext. 27507Email: Pbarrett@oceanfirst.com

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