Oritani Financial Stock To Go Ex-dividend Tomorrow (ORIT)
The ex-dividend date for Oritani Financial (Nasdaq:ORIT) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $13.37 as of 9:30 a.m., the dividend yield is 3.7%.
NEW YORK ( TheStreet) -- The ex-dividend date for Oritani Financial (Nasdaq: ORIT) is tomorrow, February 8, 2012. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $13.37 as of 9:30 a.m. ET, the dividend yield is 3.7%. The average volume for Oritani Financial has been 279,400 shares per day over the past 30 days. Oritani Financial has a market cap of $579 million and is part of the financial sector and banking industry. Shares are up 4.8% year to date as of the close of trading on Monday. Oritani Financial Corp. operates as the holding company for Oritani Bank that provides retail and commercial banking services to individual and business customers in New Jersey. The company has a P/E ratio of 24.5, above the average banking industry P/E ratio of 23 and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Oritani Financial as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, increase in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Oritani Financial Ratings Report. See our dividend calendar or top-yielding stocks list.
Looking at the universe of stocks we cover at Dividend Channel, on 2/4/15, Oritani Financial Corp will trade ex-dividend, for its quarterly dividend of $0.175, payable on 2/20/15. As a percentage of ORIT's recent stock price of $14.18, this dividend works out to approximately 1.23%, so look for shares of Oritani Financial Corp to trade 1.23% lower — all else being equal — when ORIT shares open for trading on 2/4/15.