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OceanFirst Financial (OceanFirst Financial) 5-Year Dividend Growth Rate

: 4.50% (As of Dec. 2023)
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OceanFirst Financial's Dividends per Share for the three months ended in Dec. 2023 was $0.20.

During the past 12 months, OceanFirst Financial's average Dividends Per Share Growth Rate was 8.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of OceanFirst Financial was 33.90% per year. The lowest was -15.70% per year. And the median was 4.60% per year.

OceanFirst Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.31. As of today, OceanFirst Financial's Dividend Yield % is 5.36%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Banks - Regional subindustry, OceanFirst Financial's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


OceanFirst Financial 5-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, OceanFirst Financial's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where OceanFirst Financial's 5-Year Dividend Growth Rate falls into.



OceanFirst Financial 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


OceanFirst Financial  (NAS:OCFC) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

OceanFirst Financial's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.2/ 0.65
=0.31

During the past 13 years, the highest Dividend Payout Ratio of OceanFirst Financial was 0.51. The lowest was 0.29. And the median was 0.36.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

OceanFirst Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2002024-02-022024-02-052024-02-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.2002023-11-032023-11-062023-11-17Cash DividendquarterlyUSD:USD 1.000000
USD 0.2002023-08-042023-08-072023-08-18Cash DividendquarterlyUSD:USD 1.000000
USD 0.2002023-05-052023-05-082023-05-19Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

OceanFirst Financial's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.8/14.98
=5.34 %

Current Share Price is $14.98.
OceanFirst Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.8.

During the past 13 years, the highest Dividend Yield of OceanFirst Financial was 6.43%. The lowest was 1.73%. And the median was 2.91%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


OceanFirst Financial 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of OceanFirst Financial's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.


OceanFirst Financial (OceanFirst Financial) Business Description

Traded in Other Exchanges
Address
110 West Front Street, Red Bank, NJ, USA, 07701
OceanFirst Financial Corp is engaged in the banking sector of the United States. It conducts the business of attracting retail and business deposits and investing them in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate loans. The company's sole segment deals with the delivery of loan and deposit products to customers. The bank's revenues are derived principally from interest on its loans, and to a lesser extent, interest on its investment and mortgage-backed securities. The rest of its income is dependent on bank card services and wealth management services.
Executives
John F Barros director 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Robert C Garrett director 110 WEST FRONT STREET, RED BANK NJ 07701
Anthony Iii Giordano other: Chief Retail Officer, OFB 4 KELLY LANE, LONG BRANCH NJ 07740
David Berninger officer: EVP & Chief Risk Officer 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Dalila Wilson-scott director 110 WEST FRONT STREET, RED BANK NJ 07701
Oceanfirst Financial Corp director 975 HOOPER AVENUE, TOMS RIVER NJ 08723
Brian Schaeffer other: EVP & CIO, OceanFirst Bank 975 HOOPER AVENUE, TOMS RIVER NJ 08753
Joseph Iii Lebel other: EVP, CBO OceanFirst Bank 975 HOOPER AVENUE, TOMS RIVER NJ 08754
Jack M. Farris director C/O OCEANFIRST BANK, 975 HOOPER AVE., TOMS RIVER NJ 08754
Christopher Maher director, officer: Chairman, President and CEO 209 HAVEMEYER STREET, BROOKLYN NY 11211
Murphy Joseph M. Jr. director 110 WEST FRONT STREET, RED BANK NJ 07701
Patrick Sean Barrett officer: Executive Vice President & CFO C/O FULTON FINANCIAL CORPORATION, ONE PENN SQUARE, LANCASTER PA 17602
Patrick Chong other: SVP/Principal Accounting Off. 110 WEST FRONT STREET, RED BANK NJ 07701
Michael D Devlin director 834 CENTRAL AVENUE, P.O. BOX 189, HAMMONTON NJ 08037
Nicos Katsoulis director C/O STATE BANCORP, INC., TWO JERICHO PLAZA, JERICHO NY 11753

OceanFirst Financial (OceanFirst Financial) Headlines