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OFG Bancorp (OFG) Dividend Yield, Date & History

OFG Bancorp logo
$41.81 +0.81 (+1.98%)
(As of 12/20/2024 05:16 PM ET)

OFG Bancorp Dividend Summary

Dividend Yield
2.39%
Annual Dividend
$1.00
Next
Dividend Payment
Jan. 15
Annualized 3-Year
Dividend Growth
46.48%
Dividend Payout Ratio
24.33%

OFG Bancorp (OFG) pays an annual dividend of $1.00 per share, with a dividend yield of 2.39%. The next quarterly payment of $0.25 per share is scheduled for Wednesday, January 15, to investors who own the stock before the ex-dividend date of Tuesday, December 31. The company currently pays out 24.33% of its earnings and 23.85% of its cash flow as dividends.

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OFG Dividend Payments by Quarter

The chart below displays up to four years of OFG Bancorp's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

OFG Dividend Yield Over Time

The chart below tracks OFG Bancorp's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

OFG Bancorp vs. The Competition

Compare OFG Bancorp's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeOFG BancorpFinance CompaniesNYSE Companies
Annual Dividend$1.00$0.02$1.39
Dividend Yield2.39%10.09%3.58%
Annualized 3-Year Dividend Growth46.48%12.89%15.78%

OFG Bancorp Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings24.33%
Based on This Year's Estimate24.33%
Based on Next Year's Estimate24.57%
Based on Cashflow23.85%

OFG Bancorp Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/28/2024quarterly$0.25 - 2.47%12/31/202412/31/20241/15/2025
7/31/2024Quarterly$0.25 - 2.27%9/30/20249/30/202410/15/2024
5/8/2024Quarterly$0.25 - 2.62%6/28/20246/28/20247/15/2024
1/31/2024Quarterly$0.25+$0.03
13.64%
2.72%3/27/20243/28/20244/15/2024
10/25/2023quarterly$0.22 - 3%12/28/202312/29/20231/16/2024
7/26/2023Quarterly$0.22 - 2.68%9/28/20239/29/202310/16/2023
4/26/2023Quarterly$0.22 - 3.44%6/29/20236/30/20237/17/2023
1/25/2023Quarterly$0.22+$0.02
10.00%
3.18%3/30/20233/31/20234/17/2023

This table shows OFG Bancorp's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

OFG Bancorp Dividend - Frequently Asked Questions

The current dividend yield for OFG Bancorp is 2.39%. Learn more on OFG's dividend yield history.

The annual dividend for OFG shares is $1.00. Learn more on OFG's annual dividend history.

OFG Bancorp pays quarterly dividends to shareholders.

OFG Bancorp's next quarterly dividend payment of $0.25 per share will be made to shareholders on Wednesday, January 15, 2025.

OFG Bancorp's most recent quarterly dividend payment of $0.25 per share was made to shareholders on Tuesday, October 15, 2024.

OFG Bancorp's next ex-dividend date is Tuesday, December 31, 2024.

OFG Bancorp's most recent ex-dividend date was Monday, September 30, 2024.

Over the past three years, the company's dividend has grown by an average of 46.48% per year.

The most recent change in the company's dividend was an increase of $0.03 on Wednesday, January 31, 2024.

The dividend payout ratio for OFG is:
  • 24.33% based on the trailing year of earnings
  • 24.33% based on this year's estimates
  • 24.57% based on next year's estimates
  • 23.85% based on cash flow

OFG Bancorp's dividend yield of 2.29% is lower than the average Finance company that issues a dividend. OFG Bancorp's dividend payout ratio of 24.33% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate OFG Bancorp stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.


This page (NYSE:OFG) was last updated on 12/21/2024 by MarketBeat.com Staff
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