Cash Dividend On The Way From OFG Bancorp (OFG)

Looking at the universe of stocks we cover at Dividend Channel, on 9/26/14, OFG Bancorp (OFG) will trade ex-dividend, for its quarterly dividend of $0.08, payable on 10/15/14. As a percentage of OFG's recent stock price of $15.67, this dividend works out to approximately 0.51%, so look for shares of OFG Bancorp to trade 0.51% lower — all else being equal — when OFG shares open for trading on 9/26/14.

START SLIDESHOW:
Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

Below is a dividend history chart for OFG, showing historical dividends prior to the most recent $0.08 declared by OFG Bancorp:

OFG+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from OFG is likely to continue, and whether the current estimated yield of 2.04% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of OFG shares, versus its 200 day moving average:

OFG Bancorp 200 Day Moving Average Chart

Looking at the chart above, OFG's low point in its 52 week range is $14.05 per share, with $19.10 as the 52 week high point — that compares with a last trade of $15.67.

According to the ETF Finder at ETF Channel, OFG makes up 1.08% of the SPDR S&P Regional Banking ETF ( KRE) which is trading higher by about 0.1% on the day Wednesday.

According to Preferred Stock Channel, there is are 3 series of preferred stock that are senior to OFG — find out what they are ».

In Wednesday trading, OFG Bancorp shares are currently down about 0.8% on the day.

More from Stocks

Facebook First-Quarter Earnings Live Blog

Facebook First-Quarter Earnings Live Blog

Facebook Stock Jumps After Hours on Earnings, Revenue Beat

Facebook Stock Jumps After Hours on Earnings, Revenue Beat

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Dow and S&P 500 Finish Higher Amid Strong Corporate Earnings

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Veteran Foreign Affairs Expert Ian Bremmer Reveals How to Price Political Risk

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer

Investors Shouldn't Be Worried About Trump's Trade Tariffs: Ian Bremmer