Oritani Financial Corp. (NASDAQ:ORIT) Updates On Quarterly Dividend


As per Oritani Financial Corp. (NASDAQ:ORIT) statement on 2016-07-29, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.175 per share as dividend to stakeholders. The record date is set as 2016-08-05, the payout date as 2016-08-19 and the ex-dividend date is 2016-08-03.

Last fiscal Oritani Financial Corp. (NASDAQ:ORIT) disbursed cash dividend of $0.175. A year ago, the payout was $0.175, which indicates a difference of 26.3158%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.175, implying 26.1915% growth.

For the period ended on 2016-06-30, Oritani Financial Corp. (NASDAQ:ORIT)’s earnings came at $0.25 per share compared to EPS of $0.29 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-24. For this quarter, the analysts have earnings estimate of $0.25 per share.

The interim price target for Oritani Financial Corp. (NASDAQ:ORIT) is set at $16.833. This level is the mean price reached by averaging the stock views of 3 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Oritani Financial Corp. (NASDAQ:ORIT) is seen at $17.5 and the lowest level is established at $16. This broad range highlights a standard deviation of $0.763 in reported estimates.

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