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OFG Ofg Bancorp dividend history, payout ratio & dates

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 2.61%. The latest OFG payment of $0.25 marks a dividend growth of 14%.

Key dates

  • OFG last dividend date: Mar 27, 2024
  • OFG next dividend date: Not announced
OFG dividend stats
DPS
$0.91
Dividend yield
2.54%
Payout ratio
23.6%
vs. Financial Services sector
Dividend yield
3.45%
Payout ratio
39.5%

Dividend yield

What is Ofg Bancorp current dividend yield

OFG has a dividend yield of 2.61% 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 3.45%, Ofg Bancorp's dividend yield is 24% lower. The current dividend yield is more than the historical average of 2.0% of the last 5 years.

Dividend history

What is OFG dividend payout history and dates

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%.

Recent dividends

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 Bancorp dividend payout ratio

What is Ofg Bancorp dividend payout ratio compared to the sector

Payout ratio

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 39.5%, Ofg Bancorp's payout ratio is 40% lower.

Total amount of dividends paid per financial year (from cash flow)

OFG dividend vs peer dividends

How does OFG dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
BOH Bank Of Hawaii Corp 4.78% $2.8 67.3%
USB Us Bancorp 4.76% $1.94 59.3%
FBP First Bancorp 3.37% $0.58 33.7%
CFR Cullen/Frost Bankers Inc 3.23% $3.63 39.8%
RNST Renasant Corp 2.93% $0.88 34.1%
BPOP Popular Inc 2.76% $2.34 31.1%
OFG Ofg Bancorp 2.54% $0.91 23.6%
BOKF Bok Financial Corp 2.45% $2.18 27.2%
WFC Wells Fargo & Company 2.22% $1.35 27.7%

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 is Ofg Bancorp's next dividend?

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.

When was OFG's last dividend?

Ofg Bancorp's last regular dividend was on Mar 27, 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 $0.91 per share.

What is Ofg Bancorp's dividend yield?

Ofg Bancorp's current dividend yield is 2.61%.

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 23.6%.

Does Ofg Bancorp pay a good dividend?

Ofg Bancorp's dividend yield is less than the Financial Services sector average.