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OFG Bancorp Declares Regular Quarterly Preferred Stock Cash Dividends

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OFG Bancorp (NYSE:OFG) today announced that its Board of Directors
declared the following regular quarterly cash dividends on its preferred
stock for the quarter ending September 30, 2018:

  • $21.875 per share on its 8.750% Non-Cumulative Convertible Perpetual
    Preferred Stock, Series C (CUSIP: 67103X706). This is the final
    dividend for Series C before its conversion to common stock effective
    October 22, 2018, as previously announced.
  • $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred
    Stock, Series D (CUSIP: 67103X409)

Preferred stock dividends are payable October 15, 2018, to holders of
record September 28, 2018, with an ex-dividend date of September 27,
2018.

About OFG Bancorp

Now in its 54th year in business, OFG Bancorp is a
diversified financial holding company that operates under U.S. and
Puerto Rico 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. Investor information can be found at www.ofgbancorp.com.

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