|Bid||23.18 x 800|
|Ask||23.14 x 1200|
|Day's Range||23.07 - 23.84|
|52 Week Range||11.97 - 25.52|
|Beta (5Y Monthly)||1.55|
|PE Ratio (TTM)||10.12|
|Earnings Date||Oct 21, 2021 - Oct 25, 2021|
|Forward Dividend & Yield||0.48 (2.08%)|
|Ex-Dividend Date||Sep 29, 2021|
|1y Target Est||28.00|
SAN JUAN, Puerto Rico, July 28, 2021--OFG Bancorp (NYSE: OFG) today announced its Board of Directors approved a new stock repurchase authorization plan of $50.0 million as part of OFG’s capital actions thus far in 2021. The new stock repurchase program replaces and supersedes the previous stock repurchase program approved by the Board.
SAN JUAN, Puerto Rico, July 28, 2021--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 50%, to $0.12 per common share from $0.08 per share, for the quarter ending September 30, 2021. The dividend is payable October 15, 2021, to holders of record at September 30, 2021, with an ex-dividend date of September 29, 2021.
One, Puerto Rico's economy is clearly benefiting from the massive amount of federal reconstruction funds now starting to be received, as well as COVID stimulus funds. Two, Puerto Rico has managed well the COVID pandemic and today vaccination levels are in the top quartile of US states and territories with 55% of the population fully vaccinated and 63% with at least one dose. All these continues to validate the comments I made last quarter regarding our optimism on Puerto Rico's economy and OFG's future.