Market Overview

UPDATE: OFG Bancorp Increases Quarterly Common Stock Cash Dividend by 33% to $0.08


OFG Bancorp (NYSE: OFG) today announced that its Board of Directors has
increased its regular quarterly cash dividend per common share by 33%,
to $0.08 per share, from $0.06 per share, for the fourth quarter ending
December 31, 2013. On an annualized basis, the dividend per common share
increases to $0.32 per share, from $0.24, and represents a 1.92% yield
based on yesterday's closing price of $16.63.

José Rafael Fernández, President, Chief Executive Officer and Vice
Chairman of the Board, said, “The 33% increase in our dividend per
common share reflects the soundness and profitability of our banking and
wealth management businesses; the successful integration of our
acquisition of BBVA's Puerto Rico operations, which has resulted in much

See full press release

Posted-In: News Guidance Dividends Offerings Management Global


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