NYSE:OFGBanks
Is OFG Bancorp’s (OFG) Dividend Riches and Director Equity Pay Revealing Its True Priorities?
Recently, OFG Bancorp granted director Rafael A. Velez-Dominguez 1,500 Restricted Units under its Amended and Restated 2007 Omnibus Performance Incentive Plan, alongside continuing to pay a US$0.35 per-share dividend that currently yields 3.04% and exceeds the Banks – Northeast industry average.
The combination of ongoing equity-based director compensation and a record of frequent dividend increases, with very large average annual hikes over the past five years, underscores how OFG Bancorp...