Oritani Financial Corp. (NASDAQ:ORIT) Declares Dividend Increase – $0.25 Per Share

Oritani Financial Corp. (NASDAQ:ORIT) declared a quarterly dividend on Tuesday, January 30th, Wall Street Journal reports. Shareholders of record on Friday, February 9th will be given a dividend of 0.25 per share by the bank on Friday, February 23rd. This represents a $1.00 annualized dividend and a yield of 6.35%. The ex-dividend date is Thursday, February 8th. This is an increase from Oritani Financial’s previous quarterly dividend of $0.18.

Shares of Oritani Financial (NASDAQ:ORIT) traded down $0.15 during trading on Wednesday, hitting $15.75. The stock had a trading volume of 418,900 shares, compared to its average volume of 185,321. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $737.01, a price-to-earnings ratio of 16.59 and a beta of 0.38. Oritani Financial has a 12 month low of $15.30 and a 12 month high of $17.75.

A number of equities analysts have weighed in on the company. BidaskClub raised Oritani Financial from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. ValuEngine raised Oritani Financial from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, FIG Partners reaffirmed a “market-perform” rating on shares of Oritani Financial in a research report on Thursday, October 26th.

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Oritani Financial Company Profile

Oritani Financial Corp. is a holding company for Oritani Bank (the Bank). The Bank offers a range of retail and commercial loan and deposit products. The Bank operates in the New Jersey Counties of Bergen, Hudson, Essex and Passaic. The Bank’s loan portfolio includes residential loans, residential commercial real estate loans, credit or grocery retail commercial real estate loans, other commercial real estate loans, and construction and land loans.

Dividend History for Oritani Financial (NASDAQ:ORIT)

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