On 12/28/16, OFG Bancorp's Series D Non-Cumulative Perpetual Preferred Stock (Symbol: OFG.PRD) will trade ex-dividend, for its quarterly dividend of $0.4453, payable on 1/17/17. As a percentage of OFG.PRD's recent share price of $24.05, this dividend works out to approximately 1.85%, so look for shares of OFG.PRD to trade 1.85% lower - all else being equal - when OFG.PRD shares open for trading on 12/28/16. On an annualized basis, the current yield is approximately 7.39%, which compares to an average yield of 5.70% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of OFG.PRD shares, versus OFG:
Below is a dividend history chart for OFG.PRD, showing historical dividends prior to the most recent $0.4453 on OFG Bancorp's Series D Non-Cumulative Perpetual Preferred Stock :
In Tuesday trading, OFG Bancorp's Series D Non-Cumulative Perpetual Preferred Stock (Symbol: OFG.PRD) is currently down about 0.2% on the day, while the common shares (Symbol: OFG) are up about 0.7%.
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