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 Featured MNV Articles:
| OceanFirst Financial Preferred Stock Series A About To Put More Money In Your PocketBy Preferred Stock Channel Staff, Friday, January 26, 1:31 PM ET
On 1/30/24, 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 2/15/24. As a percentage of OCFCP's recent share price of $24.98, this dividend works out to approximately 1.75%, so look for shares of OCFCP to trade 1.75% lower — all else being equal — when OCFCP shares open for trading on 1/30/24. On an annualized basis, the current yield is approximately 7.01%, which compares to an average yield of 6.63% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, OCFCP was trading at a 0.12% 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:
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 Friday trading, OceanFirst Financial Corp's 7.00% Dep Shares Fix Float Non-Cumul Prfd Stock Ser A (NASDAQ:OCFCP) is currently trading flat on the day, while the common shares (NASDAQ:OCFC) are up about 1.1%.
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