On 12/11/13, OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B (OFG.PRB) will trade ex-dividend, for its monthly dividend of $0.1458, payable on 12/31/13. As a percentage of OFG.PRB's recent share price of $22.03, this dividend works out to approximately 0.66%, so look for shares of OFG.PRB to trade 0.66% lower — all else being equal — when OFG.PRB shares open for trading on 12/11/13. On an annualized basis, the current yield is approximately 7.94%, which compares to an average yield of 6.04% in the "Financial" preferred stock category, according to Preferred Stock Channel.
OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B About To Put More Money In Your Pocket
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