Top Financial Stocks
Financial stocks are ending mostly lower today with the NYSE
Financial Sector Index sinking 0.7% and the S&P Financial 100
Index declining over 0.8%.
In company news, OFG Bancorp (
) is down 0.4% at $16.56 a share and the bank holding company this
afternoon announcing a 33% increase in its quarterly dividend 33%
to $0.08 per share, payable Jan. 15, 2014, to shareholders of
record on Dec. 31.
CEO Jose Rafael Fernandez said the $0.02 per share dividend hike
reflects strong growth for the bank's commercial and wealth
management businesses as well as the successful integration of
BBVA's former branches in Puerto Rico, resulting in more rapid
growth in book value for the company than was originally
In other sector news,
(+) GGP, Property manager late yesterday named to replace Molex
) in the S&P 500, effective after the close of trading on
Monday, Dec. 9.
(-) RAS, Prices $125-mln public offering of 4.00% convertible
senior notes due 2033. The conversion price initially will be $9.57
a share, or about 104.4523 shares per $1,000 of face value of the
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