Business Context and Reporting Period
Company: OceanFirst Financial Corp.
Filing Type: Form 8-K (Current Report)
Date of Report: October 19, 2021
Reporting Period: Specific event date of October 19, 2021.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. The document is a regulatory disclosure regarding a dividend declaration.
Material Changes
The material event reported is the declaration of a quarterly cash dividend by the Board of Directors.
- Dividend Amount: $0.4375 per depositary share.
- Security: 7.0% Series A Non-Cumulative, perpetual preferred stock (each depositary share represents a 1/40th interest).
- Record Date: October 29, 2021.
- Payment Date: November 15, 2021.
Guidance, Outlook, and Risks
The filing contains no management commentary, forward-looking guidance, risk factors, or contingencies beyond the standard disclosure of the dividend payment schedule. The press release detailing the announcement is furnished as Exhibit 99.1 but is not deemed "filed" for purposes of the Securities Exchange Act of 1934.
Investor Verification Checklist
- Verify the record date of October 29, 2021, to confirm eligibility for the dividend.
- Confirm the payment date of November 15, 2021, for cash flow planning.
- Review the specific terms of the 7.0% Series A Non-Cumulative preferred stock to understand the 1/40th interest structure per depositary share.
- Note that this filing does not contain updated financial statements or earnings data.