OceanFirst Financial Corp. (OCFC) Dividends
Dividend Yield and Dividend History Highlights
- OCFC's trailing 12 month dividends has averaged an annual growth rate of 7.76%.
- In terms of compounded growth rate of annual dividends, OCFC's growth rate has been 0.34% over the past 5.5 years.
- In terms of debt burden relative to earnings, OCFC has an EBITDA to net debt ratio of 118,235,000, ranking above 88.72% stocks in our set (note that its net debt is negative, meaning it has more cash than debt).
- If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with OCFC that may be suitable potential portfolio mates: SQFT, PJT, PKI, UGP and YPF.
OCFC Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $17.79 | $32.04 | 56.76% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. In the case of OCFC, the DDM model, as implemented by StockNews, implies a positive return of 56.76% relative to its current price. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Oceanfirst Financial Corp are:
- Relative to all dividend yielding stocks in our set, Oceanfirst Financial Corp's dividend yield of 3.33% is in the top 30.14%.
- If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Financial Services sector, the expected return of 56.76%, based on the stock's current share price and target price based on a dividend discount model, is greater than 67.7% of the DDM-forecasted return of its its sector peers.
- Out of all stocks in our universe of US-listed dividend-issuing stocks, OCFC has a discount rate lower than 67.7% of them (a lower discount rate is associated with lower risk).
- In terms of who is growing the amount of dividends they return to shareholders, OCFC boasts a higher growth rate in terms of its annual cash distributed to its owners than 93.9% of the dividend issuers in our set.
OCFC Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-11-04 | Dividend | $0.20 | -- |
| 2024-08-05 | Dividend | $0.20 | -- |
| 2024-05-03 | Dividend | $0.20 | -- |
| 2024-02-02 | Dividend | $0.20 | -- |
| 2023-11-03 | Dividend | $0.20 | -- |
| 2023-08-04 | Dividend | $0.20 | -- |
| 2023-05-05 | Dividend | $0.20 | -- |
| 2023-02-03 | Dividend | $0.20 | -- |
| 2022-11-04 | Dividend | $0.20 | -- |
| 2022-08-05 | Dividend | $0.20 | +17.65% |
| 2022-05-06 | Dividend | $0.17 | -- |
| 2022-02-04 | Dividend | $0.17 | -- |
| 2021-11-05 | Dividend | $0.17 | -- |
| 2021-08-06 | Dividend | $0.17 | -- |
| 2021-05-07 | Dividend | $0.17 | -- |
| 2021-02-05 | Dividend | $0.17 | -- |
| 2020-11-06 | Dividend | $0.17 | -- |
| 2020-07-31 | Dividend | $0.17 | -- |
| 2020-05-01 | Dividend | $0.17 | -- |
| 2020-02-04 | Dividend | $0.17 | -- |
| 2019-11-01 | Dividend | $0.17 | -- |
| 2019-08-02 | Dividend | $0.17 | -- |
| 2019-05-03 | Dividend | $0.17 | -- |
| 2019-02-01 | Dividend | $0.17 | -- |
| 2018-11-02 | Dividend | $0.17 | +13.33% |
| 2018-08-03 | Dividend | $0.15 | -- |
| 2018-05-04 | Dividend | $0.15 | -- |
| 2018-02-02 | Dividend | $0.15 | -- |
| 2017-11-03 | Dividend | $0.15 | -- |
| 2017-08-03 | Dividend | $0.15 | -- |
| 2017-05-04 | Dividend | $0.15 | -- |
| 2017-02-02 | Dividend | $0.15 | -- |
| 2016-11-03 | Dividend | $0.15 | +15.38% |
| 2016-08-04 | Dividend | $0.13 | -- |
| 2016-05-05 | Dividend | $0.13 | -- |
| 2016-01-28 | Dividend | $0.13 | -- |
| 2015-10-29 | Dividend | $0.13 | -- |
| 2015-07-30 | Dividend | $0.13 | -- |
| 2015-04-30 | Dividend | $0.13 | -- |
| 2015-01-29 | Dividend | $0.13 | -- |
| 2014-10-30 | Dividend | $0.13 | +8.33% |
| 2014-07-31 | Dividend | $0.12 | -- |
| 2014-05-01 | Dividend | $0.12 | -- |
| 2014-01-30 | Dividend | $0.12 | -- |
| 2013-10-24 | Dividend | $0.12 | -- |
| 2013-07-25 | Dividend | $0.12 | -- |
| 2013-04-25 | Dividend | $0.12 | -- |
| 2013-01-31 | Dividend | $0.12 | -- |
| 2012-10-25 | Dividend | $0.12 | -- |
| 2012-07-26 | Dividend | $0.12 | -- |
| 2012-04-26 | Dividend | $0.12 | -- |
| 2012-01-26 | Dividend | $0.12 | -- |
| 2011-10-27 | Dividend | $0.12 | -- |
| 2011-07-28 | Dividend | $0.12 | -- |
| 2011-04-28 | Dividend | $0.12 | -- |
| 2011-01-27 | Dividend | $0.12 | -- |
| 2010-10-28 | Dividend | $0.12 | -- |
| 2010-07-29 | Dividend | $0.12 | -- |
| 2010-04-29 | Dividend | $0.12 | -- |
| 2010-01-28 | Dividend | $0.12 | -40.00% |
| 2009-10-29 | Dividend | $0.20 | -- |
| 2009-07-30 | Dividend | $0.20 | -- |
| 2009-04-29 | Dividend | $0.20 | -- |
| 2009-01-28 | Dividend | $0.20 | -- |
| 2008-10-29 | Dividend | $0.20 | -- |
| 2008-07-30 | Dividend | $0.20 | -- |
| 2008-04-30 | Dividend | $0.20 | -- |
| 2008-01-30 | Dividend | $0.20 | -- |
| 2007-10-31 | Dividend | $0.20 | -- |
| 2007-08-01 | Dividend | $0.20 | -- |
| 2007-04-25 | Dividend | $0.20 | -- |
| 2007-01-24 | Dividend | $0.20 | -- |
| 2006-10-25 | Dividend | $0.20 | -- |
| 2006-07-26 | Dividend | $0.20 | -- |
| 2006-04-26 | Dividend | $0.20 | -- |
| 2006-01-25 | Dividend | $0.20 | -- |
| 2005-10-26 | Dividend | $0.20 | -- |
| 2005-07-27 | Dividend | $0.20 | -- |
| 2005-04-27 | Dividend | $0.20 | -- |
| 2005-01-26 | Dividend | $0.20 | -- |
| 2004-10-27 | Dividend | $0.20 | -- |
| 2004-07-28 | Dividend | $0.20 | -- |
| 2004-04-28 | Dividend | $0.20 | -- |
| 2004-01-28 | Dividend | $0.20 | -- |
| 2003-10-29 | Dividend | $0.20 | -- |
| 2003-07-30 | Dividend | $0.20 | -- |
| 2003-04-30 | Dividend | $0.20 | +11.11% |
| 2003-01-29 | Dividend | $0.18 | -- |
| 2002-10-30 | Dividend | $0.18 | -- |
| 2002-07-31 | Dividend | $0.18 | +107.69% |
| 2002-05-20 | Split | 3-2-for-1 Stock Split | N/A |
| 2002-05-01 | Dividend | $0.26 | +8.33% |
| 2002-01-30 | Dividend | $0.24 | +4.35% |
| 2001-10-31 | Dividend | $0.23 | +9.52% |
| 2001-08-01 | Dividend | $0.21 | -- |
| 2001-05-02 | Dividend | $0.21 | +10.53% |
| 2001-01-31 | Dividend | $0.19 | -- |
| 2000-11-01 | Dividend | $0.19 | -- |
| 2000-08-02 | Dividend | $0.19 | -- |
| 2000-05-03 | Dividend | $0.19 | +26.67% |
| 2000-02-02 | Dividend | $0.15 | -- |
| 1999-10-28 | Dividend | $0.15 | -- |
| 1999-07-29 | Dividend | $0.15 | -- |
| 1999-04-29 | Dividend | $0.15 | +25.00% |
| 1999-02-03 | Dividend | $0.12 | -- |
| 1998-10-29 | Dividend | $0.12 | -- |
| 1998-07-30 | Dividend | $0.12 | -- |
| 1998-05-18 | Split | 2-1-for-1 Stock Split | N/A |
| 1998-04-30 | Dividend | $0.24 | +20.00% |
| 1998-01-29 | Dividend | $0.20 | -- |
| 1997-10-23 | Dividend | $0.20 | -- |
| 1997-07-24 | Dividend | $0.20 | +199.99% |
| 1997-05-01 | Dividend | $0.07 | -- |
OCFC Dividends vs. Peers
OCFC's dividend yield currently ranks #42 of 111 vs. its peers in the Northeast Regional Banks category.
Looking for More Information on OCFC dividends?
Want to do more research on Oceanfirst Financial Corp's dividends? Try the links below:Oceanfirst Financial Corp Common Stock (OCFC) Dividend History | Nasdaq
Dividend History for Oceanfirst Financial Corp (OCFC) - Dividend Investor
Oceanfirst Financial Corp (OCFC) Dividend History - Seeking Alpha