Oritani Financial (ORIT) Declares $0.50 Special Dividend; 3% Yield

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Go back to Oritani Financial (ORIT) Declares $0.50 Special Dividend; 3% Yield

Oritani Financial Corp. Announces $0.50 Special Dividend

November 24, 2015 9:30 AM EST

TOWNSHIP OF WASHINGTON, N.J., Nov. 24, 2015 (GLOBE NEWSWIRE) -- Oritani Financial Corp. (the "Company" or "Oritani") (NASDAQ: ORIT), the holding company for Oritani Bank (the "Bank") announced that its Board of Directors has declared a special cash dividend of $0.50 per share on the Company's common stock. The record date for the dividend will be December 4, 2015 and the payment date will be December 18, 2015. 

"As I have previously stated, Oritani desires to share its robust earnings with our stockholders," said Kevin J. Lynch, the Company's Chairman, President and CEO.  "The gains we have realized on... More