Business Context and Reporting Period
Company: OceanFirst Financial Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: April 20, 2021
Event: Regulation FD Disclosure regarding the declaration of a quarterly cash dividend on Series A Preferred Stock.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The only specific financial figure disclosed is the dividend amount.
- Dividend Declared: $0.4375 per depositary share.
- Security Type: 7.0% Series A Non-Cumulative, Perpetual Preferred Stock (represented by depositary shares, each representing a 1/40th interest).
- Payment Date: May 17, 2021.
- Record Date: April 30, 2021.
Material Changes
The filing reports a corporate action (dividend declaration) rather than a change in operating performance or financial position compared to a prior period. No comparative financial data is provided in this document.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or discussion of contingencies. The document strictly serves to disclose the dividend declaration made by the Board of Directors.
Investor Verification Checklist
- Verify the ex-dividend date to determine eligibility for the $0.4375 payment.
- Confirm the record date of April 30, 2021, for Series A Preferred Stock depositary shares.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K summary.
- Note that this filing does not provide updated financial performance data; refer to the most recent 10-Q or 10-K for operational metrics.