Oritani Financial (ORIT) Declares $0.175 Quarterly Dividend; 4.1% Yield

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Go back to Oritani Financial (ORIT) Declares $0.175 Quarterly Dividend; 4.1% Yield

Oritani Financial Corp. Announces 2nd Quarter Results and Dividend

January 24, 2017 8:01 AM EST

TOWNSHIP OF WASHINGTON, N.J., Jan. 24, 2017 (GLOBE NEWSWIRE) -- Oritani Financial Corp. (the Company or Oritani) (NASDAQ: ORIT), the holding company for Oritani Bank (the Bank), reported net income of $11.4 million, or $0.26 per basic and diluted common share, for the three months ended December 31, 2016, and $22.0 million, or $0.51 per basic (and $0.50 diluted) common share, for the six months ended December 31, 2016.  Net income was $16.4 million, or $0.39 per basic (and $0.38 diluted) common share, for the three months ended December 31, 2015, and $29.0 million, or $0.70 per basic (and $0.68 diluted) common share, for the six months ended December 31, 2015.

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