Dividend Growth of Oritani Financial Corp.(ORIT)

Oritani Financial Corp.(ORIT) is having a Dividend Yield of 4.07% with the Annual cash Dividend per share of $0.7. The last quarter cash dividend per share pay out was $0.18. Oritani Financial Corp. has a 5 year average dividend yield of 4.32% and the stock has a Indicated annual dividend of $0.7. Oritani Financial Corp.(ORIT) formally announced its most recent dividend on January 24, 2017 with a Dividend per share of $0.18. The new indicated annual dividend based on announced dividend per share is $0.7. The dividend yield based on the forward looking indicated annual dividend is 4.07%. Oritani Financial Corp.(ORIT) has the most recent dividend payout ratio of 0.69 with a 5-year average payout ratio of 0.69. The 5 year historical dividend growth of Oritani Financial Corp.(ORIT) is at the rate of 4.62% while the R-Squared dividend growth is 0.52. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

Oritani Financial Corp. (NASDAQ:ORIT) rose 0.29% or 0.05 points on Thursday and made its way into the gainers of the day. After trading began at $17.2 the stock was seen hitting $17.35 as a peak level and $17 as the lowest level. The stock ended up at $17.25. The daily volume was measured at 495,032 shares. The 52-week high of the share price is $19 and the 52-week low is $15.27. The company has a market cap of $791 million. Shares of Oritani Financial Corp. rose by 0.88% in the last five trading days and 0.44% for the last 4 weeks. Oritani Financial Corp. is up 4.54% in the last 3-month period. Year-to-Date the stock performance stands at -7.06%.

Currently the company Insiders own 15.27% of Oritani Financial Corp. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -18.46% . Institutional Investors own 59.78% of Oritani Financial Corp. shares. During last six month period, the net percent change held by insiders has seen a change of -22.93%. Company has reported several Insider transactions to the SEC, on Dec 19, 2016, Kevin J Lynch (President and CEO) sold 30,125 shares at 17.85 per share price.On Dec 6, 2016, John M Jr Fields (EVP and CFO) sold 142,854 shares at 17.63 per share price.On Nov 29, 2016, James J Jr Doyle (director) sold 30,000 shares at 17.52 per share price.

Oritani Financial Corp. is the holding company for Oritani Savings Bank, a savings bank offering a full range of retail and commercial loan and deposit products. The Bank currently operates its main office and eighteen full service branches in the New Jersey Counties of Bergen, Hudson and Passaic.


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