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.

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