OFG Bancorp Declares Regular Quarterly Common Stock Cash Dividend

Rhea-AI Summary

OFG Bancorp has announced a quarterly cash dividend of $0.22 per common share, reflecting its ongoing commitment to returning value to shareholders. This dividend will be paid for the quarter ending June 30, 2023, with a payment date of July 17, 2023. Shareholders must be on record by June 30, 2023, with an ex-dividend date set for June 29, 2023. As OFG Bancorp reaches its 59th year of operation, it continues to provide a diverse range of financial services in Puerto Rico and the U.S. Virgin Islands, reinforcing its position in the financial sector.

Positive

• Declared a quarterly cash dividend of $0.22 per share, indicating financial health and shareholder return.
• Dividend payment demonstrates company confidence in ongoing profitability.

Negative

• None.

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) today announced its Board of Directors declared a regular quarterly cash dividend of $0.22 per common share for the quarter ending June 30, 2023. The dividend is payable July 17, 2023, to holders of record at June 30, 2023, with an ex-dividend date of June 29, 2023.

About OFG Bancorp

Now in its 59^th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services, and technology, primarily in Puerto Rico and U.S. Virgin Islands. Visit us at www.ofgbancorp.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230425005905/en/

Puerto Rico & USVI: Idalis Montalvo (idalis.montalvo@orientalbank.com) at (787) 777-2847

US: Gary Fishman (gfishman@ofgbancorp.com) and Steven Anreder (sanreder@ofgbancorp.com) at (212) 532-3232

Source: OFG Bancorp

FAQ

What is the dividend amount declared by OFG Bancorp?

OFG Bancorp has declared a quarterly cash dividend of $0.22 per common share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 17, 2023.

What is the record date for the dividend?

The record date for the dividend is June 30, 2023.

What is the ex-dividend date for OFG Bancorp?

The ex-dividend date is June 29, 2023.