OFG Bancorp Dividends and Buybacks
Dividend criteria checks 4/6
OFG Bancorp is a dividend paying company with a current yield of 2.28% that is well covered by earnings. Next payment date is on 15th January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
2.3%
Dividend yield
1.2%
Buyback Yield
| Total Shareholder Yield | 3.5% |
| Future Dividend Yield | 2.4% |
| Dividend Growth | -0.5% |
| Next dividend pay date | 15 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | €1.000 |
| Payout ratio | 23% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: OFP's dividend payments have been volatile in the past 10 years.
Growing Dividend: OFP's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| OFG Bancorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (OFP) | 2.3% |
| Market Bottom 25% (DE) | 1.7% |
| Market Top 25% (DE) | 4.9% |
| Industry Average (Banks) | 6.3% |
| Analyst forecast (OFP) (up to 3 years) | 2.4% |
Notable Dividend: OFP's dividend (2.28%) is higher than the bottom 25% of dividend payers in the German market (1.67%).
High Dividend: OFP's dividend (2.28%) is low compared to the top 25% of dividend payers in the German market (4.86%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (23.4%), OFP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OFP's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).