OFG Bancorp

NYSE OFG

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OFG Bancorp Dividend Payout Ratio for the Trailing 12 Months (TTM) ending March 31, 2024: 20.90%

OFG Bancorp Dividend Payout Ratio is 20.90% for the Trailing 12 Months (TTM) ending March 31, 2024, a 9.11% change year over year. The dividend payout ratio measures the percentage of a company's net income that is distributed as dividends to shareholders. It is calculated by dividing dividends paid by net income. This ratio provides insights into the portion of earnings that is returned to shareholders in the form of dividends. A higher ratio indicates a larger proportion of earnings being paid out as dividends.

OFG Bancorp Dividend Payout Ratio for the Trailing 12 Months (TTM) ending March 31, 2023 was 19.15%, a 35.06% change year over year.
OFG Bancorp Dividend Payout Ratio for the Trailing 12 Months (TTM) ending March 31, 2022 was 14.18%, a -31.73% change year over year.
OFG Bancorp Dividend Payout Ratio for the Trailing 12 Months (TTM) ending March 31, 2021 was 20.77%, a 119.60% change year over year.
OFG Bancorp Dividend Payout Ratio for the Trailing 12 Months (TTM) ending March 31, 2020 was -105.97%, a -506.28% change year over year.

NYSE: OFG

OFG Bancorp

CEO	Mr. Jose Rafael Fernandez
IPO Date	March 28, 1990
Location	United States
Headquarters	254 MuNoz Rivera Avenue, San Juan, PR, United States, 00918
Employees	2,230
Sector	Financial Services
Industry	Banks - regional

Description

OFG Bancorp, a financial holding company, provides a range of banking and financial services. It operates through three segments: Banking, Wealth Management, and Treasury. The company offers checking and savings accounts, and individual retirement accounts; certificate of deposits, as well as time deposit products; commercial, consumer, auto leasing, and mortgage lending services; credit cards; cash management; financial planning and insurance services; and corporate and individual trust, and retirement services. In addition, it provides securities brokerage and investment advisory services, including various investment alternatives, such as tax-advantaged fixed income securities, mutual funds, stocks, and bonds to retail and institutional clients; and separately-managed accounts and mutual fund asset allocation programs. Further, the company engages in the insurance agency and reinsurance businesses; administration and servicing of retirement plans; and various treasury-related functions with an investment portfolio consisting of mortgage-backed securities, obligations of U.S. government sponsored agencies, and U.S. Treasury securities and money market instruments. Additionally, it offers money management and investment banking services; and engages in the asset/liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company provides investment brokerage, transactional, international trade financing, residential mortgage, and consumer finance services. OFG Bancorp was founded in 1964 and is headquartered in San Juan, Puerto Rico.

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