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OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B Ex-Dividend Reminder

On 8/14/19, OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B (Symbol: OFG.PRB) will trade ex-dividend, for its monthly dividend of $0.1458, payable on 9/3/19. As a percentage of OFG.PRB's recent share price of $25.60, this dividend works out to approximately 0.57%, so look for shares of OFG.PRB to trade 0.57% lower — all else being equal — when OFG.PRB shares open for trading on 8/14/19. On an annualized basis, the current yield is approximately 6.82%, which compares to an average yield of 5.54% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of OFG.PRB shares, versus OFG:

Performance Comparison Chart

Below is a dividend history chart for OFG.PRB, showing historical dividends prior to the most recent $0.1458 on OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B :

OFG.PRB+Dividend+History+Chart

In Monday trading, OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B (Symbol: OFG.PRB) is currently off about 0.3% on the day, while the common shares (Symbol: OFG) are trading flat.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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