OFG Bancorp Dividends and Buybacks
Dividend criteria checks 4/6
OFG Bancorp is a dividend paying company with a current yield of 2.39% 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
2.4%
Dividend yield
1.3%
Buyback Yield
| Total Shareholder Yield | 3.7% |
| Future Dividend Yield | 2.5% |
| Dividend Growth | -0.6% |
| Next dividend pay date | 15 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | US$1.000 |
| Payout ratio | 23% |
Recent dividend and buyback updates
Recent updates
OFG Bancorp: Upgrading To Buy And Raising The Earnings Estimate
Oct 15Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?
Oct 14
Should You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?
Jul 03OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25
Mar 01OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.25
Feb 04If EPS Growth Is Important To You, OFG Bancorp (NYSE:OFG) Presents An Opportunity
Jan 04OFG Bancorp: Downgrading To Hold After Price Rally, Expecting Earnings To Be Stable
Dec 28OFG Bancorp: Recovered Well From The Banking Crisis, But Nothing To See Here
Sep 23OFG Bancorp (NYSE:OFG) Is Increasing Its Dividend To $0.22
Aug 29OFG Bancorp (NYSE:OFG) Is Paying Out A Larger Dividend Than Last Year
Aug 14OFG Bancorp's (NYSE:OFG) Shareholders Will Receive A Bigger Dividend Than Last Year
Jul 30OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's
May 25OFG Bancorp's (NYSE:OFG) Upcoming Dividend Will Be Larger Than Last Year's
May 05Do OFG Bancorp's (NYSE:OFG) Earnings Warrant Your Attention?
May 04OFG Bancorp (NYSE:OFG) Will Pay A Larger Dividend Than Last Year At $0.22
Jan 29OFG Bancorp raises dividend by 10% to $0.22
Jan 25Should You Be Adding OFG Bancorp (NYSE:OFG) To Your Watchlist Today?
Jan 19OFG Bancorp declares $0.20 dividend
Oct 28OFG Bancorp GAAP EPS of $0.87 beats by $0.02, revenue of $156.8M beats by $1.86M
Oct 20OFG Bancorp: Puerto Rico's Rapid Economic Recovery To Drive Earnings
Sep 18Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: OFG's dividend payments have been volatile in the past 10 years.
Growing Dividend: OFG's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| OFG Bancorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (OFG) | 2.4% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Banks) | 2.7% |
| Analyst forecast (OFG) (up to 3 years) | 2.5% |
Notable Dividend: OFG's dividend (2.39%) is higher than the bottom 25% of dividend payers in the US market (1.45%).
High Dividend: OFG's dividend (2.39%) is low compared to the top 25% of dividend payers in the US market (4.5%).
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (23.4%), OFG's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: OFG's dividends in 3 years are forecast to be well covered by earnings (24.6% payout ratio).
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 03:12 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
OFG Bancorp is covered by 13 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Joseph Gladue | B. Riley Securities, Inc. |
| Brett Scheiner | FBR Capital Markets & Co. |
| Taylor Brodarick | Guggenheim Securities, LLC |