OFG Bancorp Declares Series D Preferred Stock Regular Quarterly Cash Dividend

Rhea-AI Summary

OFG Bancorp (NYSE: OFG) declared a quarterly cash dividend of $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D, payable on April 15, 2021. The dividend is for the quarter ending March 31, 2021, with an ex-dividend date of March 30, 2021. This decision reflects OFG's ongoing commitment to returning value to shareholders amidst its diversified financial services operations across Puerto Rico and the U.S. Virgin Islands.

Positive

• Declared a cash dividend of $0.4453125 per share.
• Demonstrates consistent commitment to shareholder returns.
• Reflects company confidence in financial stability.

Negative

• None.

OFG Bancorp (NYSE: OFG) today announced that its Board of Directors declared a regular cash dividend of $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D (CUSIP: 67103X409), for the quarter ending March 31, 2021. The dividend is payable April 15, 2021, to holders of record at March 31, 2021. The ex-dividend date is March 30, 2021.

About OFG Bancorp

Now in its 57^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/20210127005774/en/

FAQ

What is the dividend amount for OFG Bancorp in April 2021?

OFG Bancorp declared a dividend amount of $0.4453125 per share.

When is the dividend for OFG Bancorp payable?

The dividend is payable on April 15, 2021.

What is the ex-dividend date for OFG Bancorp's April 2021 dividend?

The ex-dividend date is March 30, 2021.

What type of stock is the dividend declared on for OFG Bancorp?

The dividend is declared on the 7.125% Non-Cumulative Perpetual Preferred Stock, Series D.