Frequently Asked Questions
OceanFirst Financial Corp.
Dividends
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When was your most recent dividend paid?
- Our Fourth Quarter Dividend was scheduled to be paid on February 12, 2010. The rate was $0.12 per share.
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When are dividends typically paid?
- Historically, upon Board approval, dividends have been paid in February, May, August and November.
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How does a stock split affect my shares?
- On May 15, 1998, our company authorized a two-for-one split in the form of 100% stock dividend. For every share owned, an additional share was awarded. This doubled the amount of shares outstanding but also reduced the current price by approximately one-half.
On May 17, 2002, our company authorized a three-for-two split in the form of a stock dividend, with a cash payment for fractional shares. This increased the amount of shares outstanding by 50% but also reduced the current stock price by approximately one-third.
The overall value of your investment did not change but these splits allowed the shares to be priced more attractively. If your original investment was $20.00 per share, for valuation purposes each share now has a value of $6.6667.
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Does OceanFirst offer a dividend reinvestment program?
- Yes, we are pleased to offer this program to our shareholders. Upon enrollment, your cash dividend will be used to purchase additional shares of OceanFirst Financial Corp. common stock. The program is a convenient and cost effective way to invest in our company. There are no brokerage or other costs associated with your participation. In addition, shares purchased with reinvested dividends qualify for a 3% discount from the then current market price of our common stock. Once enrolled in dividend reinvestment, you also have the option of making additional cash investments of $100 to $5,000 on a quarterly basis, again with a 3% discount from the then current market price of our common stock.
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Does OceanFirst offer dividend direct deposit?
Transfer Agent
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