Ofg Bancorp's latest quarterly dividend of $0.25 per share was on Mar 27, 2024 (ex-date). The annualized dividend distribution of $0.91 per share represents a current dividend yield of 2.73%. The latest OFG payment of $0.25 marks a dividend growth of 14%.
OFG has a dividend yield of 2.73% 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 3.56%, Ofg Bancorp's dividend yield is 23% lower. The current dividend yield is more than the historical average of 2.0% of the last 5 years.
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 18% since twelve months ago. But with the price of the stock up by 36% from a year ago, the dividend yield has a decrease of 13%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 27, 2024 | Apr 15, 2024 | Jan 31, 2024 | $0.25 | normal |
| Dec 28, 2023 | Jan 16, 2024 | Oct 25, 2023 | $0.22 | normal |
| Sep 28, 2023 | Oct 16, 2023 | Jul 26, 2023 | $0.22 | normal |
| Jun 29, 2023 | Jul 17, 2023 | Apr 26, 2023 | $0.22 | normal |
| Mar 30, 2023 | Apr 17, 2023 | Jan 25, 2023 | $0.22 | normal |
| Dec 29, 2022 | Jan 17, 2023 | Oct 28, 2022 | $0.2 | normal |
| Sep 29, 2022 | Oct 17, 2022 | Jul 27, 2022 | $0.2 | normal |
| Jun 29, 2022 | Jul 15, 2022 | Apr 27, 2022 | $0.15 | normal |
| Mar 30, 2022 | Apr 18, 2022 | Jan 26, 2022 | $0.15 | normal |
| Dec 30, 2021 | Jan 18, 2022 | Oct 29, 2021 | $0.12 | normal |
| Sep 29, 2021 | Oct 15, 2021 | Jul 28, 2021 | $0.12 | normal |
| Jun 29, 2021 | Jul 15, 2021 | Apr 28, 2021 | $0.08 | normal |
| Mar 30, 2021 | Apr 15, 2021 | Jan 27, 2021 | $0.08 | normal |
| Dec 30, 2020 | Jan 15, 2021 | Oct 29, 2020 | $0.07 | normal |
| Sep 29, 2020 | Oct 15, 2020 | Jul 29, 2020 | $0.07 | normal |
| Jun 29, 2020 | Jul 15, 2020 | Apr 22, 2020 | $0.07 | normal |
| Mar 30, 2020 | Apr 15, 2020 | Jan 27, 2020 | $0.07 | normal |
| Dec 30, 2019 | Jan 15, 2020 | Oct 24, 2019 | $0.07 | normal |
| Sep 27, 2019 | Oct 15, 2019 | Jul 23, 2019 | $0.07 | normal |
| Jun 27, 2019 | Jul 15, 2019 | Apr 24, 2019 | $0.07 | normal |
| Mar 28, 2019 | Apr 15, 2019 | Feb 27, 2019 | $0.07 | normal |
| Dec 28, 2018 | Jan 15, 2019 | Nov 28, 2018 | $0.07 | normal |
| Sep 27, 2018 | Oct 15, 2018 | Aug 22, 2018 | $0.06 | normal |
| Jun 28, 2018 | Jul 16, 2018 | May 23, 2018 | $0.06 | normal |
| Mar 28, 2018 | Apr 16, 2018 | Feb 28, 2018 | $0.06 | normal |
| Dec 28, 2017 | Jan 16, 2018 | Nov 29, 2017 | $0.06 | normal |
| Sep 28, 2017 | Oct 16, 2017 | Aug 23, 2017 | $0.06 | normal |
| Jun 28, 2017 | Jul 17, 2017 | May 24, 2017 | $0.06 | normal |
| Mar 29, 2017 | Apr 17, 2017 | Feb 23, 2017 | $0.06 | normal |
| Dec 28, 2016 | Jan 17, 2017 | Nov 30, 2016 | $0.06 | normal |
| Sep 28, 2016 | Oct 17, 2016 | Aug 24, 2016 | $0.06 | normal |
| Jun 28, 2016 | Jul 15, 2016 | $0.06 | normal |
OFG has a payout ratio of 23.6% 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 39.4%, Ofg Bancorp's payout ratio is 40% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| BOH Bank Of Hawaii Corp | 4.98% | $2.8 | 67.3% |
| USB Us Bancorp | 4.91% | $1.94 | 59.3% |
| FBP First Bancorp | 3.56% | $0.58 | 33.7% |
| CFR Cullen/Frost Bankers Inc | 3.38% | $3.63 | 39.8% |
| RNST Renasant Corp | 3.11% | $0.88 | 34.1% |
| BPOP Popular Inc | 2.89% | $2.34 | 31.1% |
| OFG Ofg Bancorp | 2.73% | $0.91 | 23.6% |
| BOKF Bok Financial Corp | 2.56% | $2.18 | 27.2% |
| WFC Wells Fargo & Company | 2.36% | $1.35 | 27.7% |
Yes, Ofg Bancorp has paid four dividends in the last twelve months. OFG has been paying dividends since 1997.
OFG hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in June 2024.
Ofg Bancorp's last regular dividend was on Mar 27, 2024 (ex-date) with the amount of $0.25 per share.
On an annual basis OFG pays $0.91 per share.
Ofg Bancorp's current dividend yield is 2.73%.
Ofg Bancorp pays four dividends per year.
The dividend payout ratio of Ofg Bancorp is 23.6%.
Ofg Bancorp's dividend yield is less than the Financial Services sector average.