Business Context and Reporting Period
Company: OceanFirst Financial Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: April 18, 2023
Reporting Period: Specific event date of April 18, 2023.
Key Financial Metrics
This filing does not report comprehensive financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The report is limited to a specific corporate action regarding preferred stock dividends.
Material Changes
The filing announces a declaration of a quarterly cash dividend for the Series A Preferred Stock. There are no reported material changes to the company's financial condition or operations in this document.
Guidance, Outlook, and Management Commentary
Dividend Declaration: The Board of Directors declared a quarterly cash dividend of $0.4375 per depositary share. Each depositary share represents a 1/40th interest in a share of 7.0% Series A Non-Cumulative, perpetual preferred stock.
Payment Details:
- Payable Date: May 15, 2023
- Record Date: April 28, 2023
Investor Verification Checklist
- Verify the record date of April 28, 2023, to confirm eligibility for the dividend.
- Confirm the payment date of May 15, 2023, for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context regarding the dividend declaration.
- Note that this filing does not contain updated financial statements or earnings guidance.