Oritani Financial Corp. (ORIT) Plans Quarterly Dividend of $0.18
Oritani Financial Corp. (NASDAQ:ORIT) announced a quarterly dividend on Wednesday, October 23rd, American Banking News reports. Investors of record on Friday, November 8th will be paid a dividend of $0.175 per share on Friday, November 22nd. This represents a $0.70 annualized dividend and a dividend yield of 4.24%.
ORIT has been the subject of a number of recent research reports. Analysts at Raymond James initiated coverage on shares of Oritani Financial Corp. in a research note to investors on Thursday, October 10th. They set an “outperform” rating on the stock. On the ratings front, analysts at Zacks downgraded shares of Oritani Financial Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, August 26th. They now have a $17.80 price target on the stock. Finally, analysts at FIG Partners initiated coverage on shares of Oritani Financial Corp. in a research note to investors on Monday, August 12th. They set a “positive” rating on the stock.
Oritani Financial Corp. (NASDAQ:ORIT) traded up 0.18% during mid-day trading on Wednesday, hitting $16.49. The stock had a trading volume of 113,386 shares. Oritani Financial Corp. has a 52-week low of $13.70 and a 52-week high of $16.90. The stock has a 50-day moving average of $15.99 and a 200-day moving average of $15.58. The company has a market cap of $698.5 million and a P/E ratio of 17.89.
Oritani Financial Corp. is the holding company for Oritani Bank. Oritani Bank is a New Jersey-chartered savings bank.
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