Oriental Financial Group Stock To Go Ex-dividend Tomorrow (OFG)

NEW YORK ( TheStreet) -- The ex-dividend date for Oriental Financial Group (NYSE: OFG) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $12.36 as of 9:30 a.m. ET, the dividend yield is 2%.

The average volume for Oriental Financial Group has been 218,600 shares per day over the past 30 days. Oriental Financial Group has a market cap of $534.6 million and is part of the financial sector and banking industry. Shares are up 1.9% year to date as of the close of trading on Monday.

Oriental Financial Group Inc., a financial holding company, provides various banking and financial services to mid and high net worth individuals, and families, including professionals and owners of small and mid-sized businesses primarily in Puerto Rico. The company has a P/E ratio of 18.3, above the average banking industry P/E ratio of 15.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Oriental Financial Group as a hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full Oriental Financial Group Ratings Report.

See our dividend calendar or top-yielding stocks list.
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