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, June 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 6 cents per share. At a price of $10.15 as of 10:05 a.m. ET, the dividend yield is 2.4%.

The average volume for Oriental Financial Group has been 223,400 shares per day over the past 30 days. Oriental Financial Group has a market cap of $411.4 million and is part of the financial sector and banking industry. Shares are down 16.5% 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 primarily in Puerto Rico. It operates in three segments: Banking, Wealth Management, and Treasury. The company has a P/E ratio of 11.8, equal to the average banking industry P/E ratio and below 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 impressive record of earnings per share growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Oriental Financial Group Ratings Report.

See our dividend calendar or top-yielding stocks list.
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