Business Context and Reporting Period
OceanFirst Financial Corp. filed this Form 8-K on April 19, 2022, to disclose a corporate action regarding its Series A Preferred Stock. The registrant is incorporated in Delaware and trades on the NASDAQ under the symbols OCFC (Common Stock) and OCFCP (Depositary Shares).
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The sole financial disclosure is the declaration of a quarterly cash dividend of $0.4375 per depositary share (representing a 1/40th interest in a share of 7.0% Series A Non-Cumulative, perpetual preferred stock).
Material Changes
There are no material changes to financial performance or operations reported in this document. The filing solely announces the Board of Directors' declaration of the preferred stock dividend.
Guidance, Outlook, and Management Commentary
The filing contains no forward-looking guidance, management commentary on future outlook, or discussion of risks and contingencies beyond the standard disclosure of the dividend payment schedule. The dividend is payable on May 16, 2022, to stockholders of record on April 29, 2022.
Investor Verification Checklist
- Verify the record date of April 29, 2022, to confirm eligibility for the dividend.
- Confirm the payment date of May 16, 2022, for the $0.4375 per depositary share distribution.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K summary.