OFG Bancorp (OFG) Raises Quarterly Dividend 16.7% to $0.07; 1.6% Yield

OFG Bancorp (NYSE: OFG) declared a quarterly dividend of $0.07 per share, or $0.28 annualized. This is a 16.7% increase from the prior dividend of $0.06.

The dividend will be payable on January 15, 2019, to stockholders of record on December 31, 2018, with an ex-dividend date of December 28, 2018.

The annual yield on the dividend is 1.6 percent.

“The dividend increase reflects the Board’s annual assessment of OFG’s capital position and earnings growth,” said José Rafael Fernández, President, Chief Executive Officer and Vice Chairman of the Board. “We’re pleased to return more capital to shareholders and continue OFG’s proud tradition of more than a quarter century of uninterrupted payment of quarterly cash dividends.”

For a dividend history and other dividend-related data on OFG Bancorp (OFG) click here.

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