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Oritani Financial
ORIT also reported that its Board of Directors has declared a $0.15 quarterly cash dividend on the Company's common stock. The record date for the dividend will be May 4, 2012 and the payment date will be May 18, 2012. On October 28, 2011, the Company increased its dividend rate by 25% from $0.10 to $0.125, and has now increased the rate an additional 20% from $0.125 to $0.15. Based on the recent trading range of the Company's common stock, the dividend yield is approximately 4.25%.
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