OceanFirst Financial (OceanFirst Financial) Dividend Payout Ratio : 0.31 (As of Dec. 2023)

View and export this data going back to 1996. Start your Free Trial

What is OceanFirst Financial Dividend Payout Ratio?

OceanFirst Financial's dividend payout ratio for the months ended in Dec. 2023 was 0.31.

The historical rank and industry rank for OceanFirst Financial's Dividend Payout Ratio or its related term are showing as below:

OCFC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.29 Med: 0.36 Max: 0.51
Current: 0.36

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.

OCFC's Dividend Payout Ratio is ranked worse than
53.12% of 1090 companies
in the Banks industry
Industry Median: 0.34 vs OCFC: 0.36

As of today (2024-04-25), the Dividend Yield % of OceanFirst Financial is 5.23%.

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

OceanFirst Financial's Dividends per Share for the 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.

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.

The growth rate is calculated with least square regression.

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

OceanFirst Financial Dividend Payout Ratio Historical Data

The historical data trend for OceanFirst Financial's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

OceanFirst Financial Dividend Payout Ratio Chart

OceanFirst Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

Get a 7-Day Free Trial

0.33

0.51

0.35

0.30

OceanFirst Financial Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.43	0.31	0.63	0.31	0.32

Competitive Comparison of OceanFirst Financial's Dividend Payout Ratio

For the Banks - Regional subindustry, OceanFirst Financial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, OceanFirst Financial's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where OceanFirst Financial's Dividend Payout Ratio falls into.

OceanFirst Financial Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.8	/	2.66
	=	0.30

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

OceanFirst Financial (NAS:OCFC) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

OceanFirst Financial Dividend Payout Ratio Related Terms

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

OceanFirst Financial (OceanFirst Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OceanFirst Financial Corp (NAS:OCFC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

OCFCP.PFD:USA

Address

110 West Front Street, Red Bank, NJ, USA, 07701

Website

https://www.oceanfirst.com

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