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OFG Bancorp's Non-cumulative Monthly Income Preferred Stock, Series A Ex-Dividend Reminder

On 11/12/14, OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A (Symbol: OFG.PRA) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 12/1/14. As a percentage of OFG.PRA's recent share price of $24.39, this dividend works out to approximately 0.61%, so look for shares of OFG.PRA to trade 0.61% lower - all else being equal - when OFG.PRA shares open for trading on 11/12/14. On an annualized basis, the current yield is approximately 7.45%, which compares to an average yield of 5.69% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of OFG.PRA shares, versus OFG:

Performance Comparison Chart

Below is a dividend history chart for OFG.PRA, showing historical dividends prior to the most recent $0.1484 on OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A:

OFG.PRA+Dividend+History+Chart

According to the ETF Finder at ETF Channel, OFG Bancorp (Symbol: OFG) makes up 1.07% of the SPDR S&P Regional Banking ETF ( KRE ) which is trading relatively unchanged on the day Monday.

In Monday trading, OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A (Symbol: OFG.PRA) is currently up about 2% on the day, while the common shares (Symbol: OFG) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

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


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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