OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B Goes Ex-Dividend Soon

On 10/12/17, OFG Bancorp’s 7.0% Noncumulative Monthly Income Preferred Stock, Series B (Symbol: OFG.PRB) will trade ex-dividend, for its monthly dividend of $0.1458, payable on 10/31/17. As a percentage of OFG.PRB’s recent share price of $22.80, this dividend works out to approximately 0.64%, so look for shares of OFG.PRB to trade 0.64% lower – all else being equal – when OFG.PRB shares open for trading on 10/12/17. On an annualized basis, the current yield is approximately 7.68%, which compares to an average yield of 5.41% in the “Financial” preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of OFG.PRB shares, versus OFG:

Performance Comparison Chart

Below is a dividend history chart for OFG.PRB, showing historical dividends prior to the most recent $0.1458 on OFG Bancorp’s 7.0% Noncumulative Monthly Income Preferred Stock, Series B :

OFG.PRB+Dividend+History+Chart

In Tuesday trading, OFG Bancorp’s 7.0% Noncumulative Monthly Income Preferred Stock, Series B (Symbol: OFG.PRB) is currently trading flat on the day, while the common shares (Symbol: OFG) are down about 1.1%.

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