Analyzing OceanFirst Financial's Ex-Dividend Date

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On January 28, 2021, OceanFirst Financial OCFC declared a dividend payable on February 19, 2021 to its shareholders. OceanFirst Financial also announced that shareholders on the company's books on or before February 8, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for OceanFirst Financial will be on February 5, 2021. The company's current dividend payout is at $0.17. That equates to a dividend yield of 3.72% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

OceanFirst Financial's Dividend History

Over the past year, OceanFirst Financial has seen its dividend payouts remain the same and its yields climb upward overall. Last year on February 4, 2020 the company's payout sat at $0.17, which has returned to its value today. OceanFirst Financial's dividend yield last year was 2.76%, which has since grown by 0.96%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on OceanFirst Financial's previous dividends.

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Posted In: DividendsBZI-ExDiv
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