Oritani Financial (ORIT) Declares $0.25 Quarterly Dividend; 6.4% Yield

Oritani Financial (NASDAQ: ORIT) declared a quarterly dividend of $0.25 per share, or $1 annualized.

The dividend will be payable on May 18, 2018, to stockholders of record on May 4, 2018, with an ex-dividend date of May 3, 2018.

The annual yield on the dividend is 6.4 percent.

“I am pleased to report strong earnings in a particularly difficult operating environment,” said Kevin J. Lynch, the Company’s Chairman, President and CEO. “These results were realized without the full benefit of the recent tax legislation.” Mr. Lynch continued: “I remain disappointed with the impediments to loan growth in the present market that prevented us from achieving our typical growth. However, I believe these obstacles are temporary. We continue to focus on reducing our loan to deposit ratio, improving our net interest spread and maintaining our expense discipline, and positive results have been attained.”

For a dividend history and other dividend-related data on Oritani Financial (ORIT) click here.

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