Oritani Financial (ORIT) Declares $0.175 Quarterly Dividend; 4.4% Yield

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Oritani Financial Corp. Announces Dividend and Quarterly Results

October 26, 2016 8:00 AM EDT

TOWNSHIP OF WASHINGTON, N.J., Oct. 26, 2016 (GLOBE NEWSWIRE) -- Oritani Financial Corp. (the Company or Oritani) (NASDAQ: ORIT), the holding company for Oritani Bank (the Bank), reported net income of $10.6 million, or $0.25 per basic (and $0.24 diluted) common share, for the three months ended September 30, 2016.  Net income was $12.6 million, or $0.31 per basic (and $0.30 diluted) common share, for the corresponding 2015 period. 

The Company also reported that its Board of Directors has declared a $0.175 quarterly cash dividend on the Companys common stock.  The record date for the dividend will be November 4, 2016 and the payment... More