Preferred Stock Channel
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

Ex-Dividend Reminder: New York Community Bancorp, OceanFirst Financial and Texas Instruments
Wednesday, May 3, 11:08 AM ET, by Market News Video Staff

On 5/5/23, New York Community Bancorp Inc. (NYCB), OceanFirst Financial Corp (OCFC), and Texas Instruments ...

Add Up The Parts: QABA Could Be Worth $48
Friday, May 12, 7:00 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

Analysts Predict 16% Upside For DHS
Monday, June 12, 8:04 AM ET, by Market News Video Staff

Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...

OCFC Breaks Above 5% Yield Territory
Wednesday, June 21, 5:01 PM ET, by Market News Video Staff

In trading on Wednesday, shares of OceanFirst Financial Corp (OCFC) were yielding above the 5% ...

Reminder: OceanFirst Financial Corp's 7.00% Dep Shares Fix Float Non-Cumul Prfd Stock Ser A Goes Ex-Dividend Soon
Wednesday, July 26, 1:50 PM ET, by Market News Video Staff

On 7/28/23, OceanFirst Financial Corp's 7.00% Dep Shares Fix Float Non-Cumul Prfd Stock Ser A ...

Reminder: OceanFirst Financial Corp's 7.00% Dep Shares Fix Float Non-Cumul Prfd Stock Ser A Goes Ex-Dividend Soon

By Preferred Stock Channel Staff, Wednesday, July 26, 1:50 PM ET
Play Video: The Importance of Dividends


If the video does not load after a few moments, Upgrade to the Latest Flash Player.
Email EnvelopeFree Email Alerts By Stock:
Get Dividend Alerts
Get SEC Filing Alerts

On 7/28/23, OceanFirst Financial Corp's 7.00% Dep Shares Fix Float Non-Cumul Prfd Stock Ser A (NASDAQ:OCFCP) will trade ex-dividend, for its quarterly dividend of $0.4375, payable on 8/15/23. As a percentage of OCFCP's recent share price of $22.66, this dividend works out to approximately 1.93%, so look for shares of OCFCP to trade 1.93% lower — all else being equal — when OCFCP shares open for trading on 7/28/23. On an annualized basis, the current yield is approximately 7.75%, which compares to an average yield of 6.90% in the "Financial" preferred stock category, according to Preferred Stock Channel.

As of last close, OCFCP was trading at a 9.68% discount to its liquidation preference amount. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of OCFCP shares, versus OCFC:

Performance Comparison Chart

Below is a dividend history chart for OCFCP, showing historical dividends prior to the most recent $0.4375 on OceanFirst Financial Corp's 7.00% Dep Shares Fix Float Non-Cumul Prfd Stock Ser A:


Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter

In Wednesday trading, OceanFirst Financial Corp's 7.00% Dep Shares Fix Float Non-Cumul Prfd Stock Ser A (NASDAQ:OCFCP) is currently up about 0.4% on the day, while the common shares (NASDAQ:OCFC) are up about 6.9%.


This Article's Word Cloud:   Arial   Below   Channel   Corp   Cumul   Dividend   Financial   Float   Going   Investors   Newsletter   OCFC   OCFCP   OceanFirst   Offer   Preferred   Premium   Prfd   Receive   Shares   Special   Start   Stock   Stocks   Wednesday   about   according   afterLeftLabels   afternoon   amount   annualized   approximately   average   axisColor   background   chart   common   dividend   dividends   escape   fillColor   mdash   missed   preferred   recent   shares   that   trade   trading   yield

Reminder: OceanFirst Financial Corp's 7.00% Dep Shares Fix Float Non-Cumul Prfd Stock Ser A Goes Ex-Dividend Soon | www.PreferredStockChannel.com | Copyright © 2011 - 2024, All Rights Reserved

Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.