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OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend by 33%
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
OFG Bancorp (NYSE: OFG) announces a 33% increase in its quarterly cash dividend, raising it to $0.20 per share from $0.15. This change affects the quarter ending September 30, 2022. The new dividend is payable on October 17, 2022 to shareholders who hold stock as of September 30, 2022, with an ex-dividend date of September 29, 2022.
Positive
Dividend increased by 33%, enhancing shareholder income.
Confirms company confidence in financial stability.
Negative
None.
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 33%, to $0.20 per common share from $0.15 per share, for the quarter ending September 30, 2022, as part of OFG’s capital actions in 2022. The dividend is payable October 17, 2022, to holders of record at September 30, 2022, with an ex-dividend date of September 29, 2022.
About OFG Bancorp
Now in its 58th 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.
