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.

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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.

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