On 7/11/13, OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A (OFG.PRA) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 7/31/13. As a percentage of OFG.PRA's recent share price of $25.12, this dividend works out to approximately 0.59%, so look for shares of OFG.PRA to trade 0.59% lower — all else being equal — when OFG.PRA shares open for trading on 7/11/13. On an annualized basis, the current yield is approximately 7.09%, which compares to an average yield of 5.14% in the "Financial" preferred stock category, according to Preferred Stock Channel.
Ex-Div Reminder For OFG Bancorp's Series A Preferred Stock
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