OFG Ofg Bancorp dividend history, payout ratio & dates
Ofg Bancorp's latest dividend of $0.25 per share was on Sep 30, 2024 (ex-date). The annualized dividend distribution of $0.97 per share represents a current dividend yield of 2.18%.
Key dates
- OFG last dividend date: Sep 30, 2024
OFG dividend stats
vs. Financial Services sector
Dividend yield
OFG has a dividend yield of 2.18% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.58%, Ofg Bancorp's dividend yield is 16% lower. The current dividend yield is in line with the historical average of 2.1% of the last 5 years.
Dividend history
Ofg Bancorp has a history of paying dividends since 1997. Our records of OFG show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 13% since twelve months ago. But with the price of the stock up by 34% from a year ago, the dividend yield has a decrease of 16%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 30, 2024 | $0.25 | 2.16% |
| Jun 28, 2024 | $0.25 | 2.51% |
| Mar 27, 2024 | $0.25 | 2.5% |
| Dec 28, 2023 | $0.22 | 2.33% |
| Sep 28, 2023 | $0.22 | 2.87% |
| Jun 29, 2023 | $0.22 | 3.2% |
| Mar 30, 2023 | $0.22 | 3.16% |
| Dec 29, 2022 | $0.2 | 2.53% |
| Sep 29, 2022 | $0.2 | 2.47% |
| Jun 29, 2022 | $0.15 | 2.12% |
| Mar 30, 2022 | $0.15 | 1.76% |
| Dec 30, 2021 | $0.12 | 1.49% |
| Sep 29, 2021 | $0.12 | 1.36% |
| Jun 29, 2021 | $0.08 | 1.35% |
| Mar 30, 2021 | $0.08 | 1.3% |
| Dec 30, 2020 | $0.07 | 1.55% |
| Sep 29, 2020 | $0.07 | 2.25% |
| Jun 29, 2020 | $0.07 | 2.15% |
| Mar 30, 2020 | $0.07 | 2.46% |
| Dec 30, 2019 | $0.07 | 1.19% |
| Sep 27, 2019 | $0.07 | 1.26% |
| Jun 27, 2019 | $0.07 | 1.14% |
| Mar 28, 2019 | $0.07 | 1.33% |
| Dec 28, 2018 | $0.07 | 1.55% |
| Sep 27, 2018 | $0.06 | 1.49% |
| Jun 28, 2018 | $0.06 | 1.7% |
| Mar 28, 2018 | $0.06 | 2.24% |
| Dec 28, 2017 | $0.06 | 2.62% |
| Sep 28, 2017 | $0.06 | 2.65% |
| Jun 28, 2017 | $0.06 | 2.41% |
| Mar 29, 2017 | $0.06 | 2.13% |
| Dec 28, 2016 | $0.06 | 1.78% |
| Sep 28, 2016 | $0.06 | 2.37% |
| Jun 28, 2016 | $0.06 | 3.53% |
| Mar 29, 2016 | $0.06 | 4.56% |
| Dec 29, 2015 | $0.06 | 4.63% |
| Sep 28, 2015 | $0.1 | 4.46% |
| Jun 26, 2015 | $0.1 | 2.7% |
| Mar 27, 2015 | $0.1 | 2.18% |
Ofg Bancorp dividend payout ratio
Payout ratio
OFG has a payout ratio of 23.4% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 44%, Ofg Bancorp's payout ratio is 47% lower.
Total amount of dividends paid per financial year (from cash flow)
OFG dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| BOH Bank Of Hawaii Corp | 4.49% | $3.5 | 104.8% |
| USB Us Bancorp | 3.83% | $1.97 | 60.4% |
| FBP First Bancorp | 2.95% | $0.62 | 34.1% |
| BPOP Popular Inc | 2.53% | $2.48 | 33.6% |
| RNST Renasant Corp | 2.36% | $0.88 | 28.7% |
| OFG Ofg Bancorp | 2.18% | $0.97 | 23.4% |
| WFC Wells Fargo & Company | 2% | $1.5 | 30.7% |
| CFR Cullen/Frost Bankers Inc | 2% | $2.79 | 34.6% |
| BOKF Bok Financial Corp | 1.92% | $2.22 | 30.5% |
Frequently asked questions
Does Ofg Bancorp pay a dividend?
Yes, Ofg Bancorp has paid four dividends in the last twelve months. OFG has been paying dividends since 1997.
When was OFG's last dividend?
Ofg Bancorp's last regular dividend was on Sep 30, 2024 (ex-date) with the amount of $0.25 per share.
How much dividend does Ofg Bancorp pay (per share)?
On an annual basis OFG pays $0.97 per share.
What is Ofg Bancorp's dividend yield?
Ofg Bancorp's current dividend yield is 2.18%.
How often does Ofg Bancorp pay dividends?
Ofg Bancorp pays four dividends per year.
What is Ofg Bancorp's dividend payout ratio?
The dividend payout ratio of Ofg Bancorp is 23.4%.
Does Ofg Bancorp pay a good dividend?
Ofg Bancorp's dividend yield is less than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.