OFG Bancorp (OFG Bancorp) Dividend Payout Ratio

: 0.22 (As of Dec. 2023)

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OFG Bancorp's dividend payout ratio for the months ended in Dec. 2023 was 0.22.

The historical rank and industry rank for OFG Bancorp's Dividend Payout Ratio or its related term are showing as below:

OFG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.14 Med: 0.18 Max: 0.23
Current: 0.23

During the past 13 years, the highest Dividend Payout Ratio of OFG Bancorp was 0.23. The lowest was 0.14. And the median was 0.18.

OFG's Dividend Payout Ratio is ranked better than
73.28% of 1093 companies
in the Banks industry
Industry Median: 0.33 vs OFG: 0.23

As of today (2024-04-19), the Dividend Yield % of OFG Bancorp is 2.65%.

During the past 13 years, the highest Trailing Annual Dividend Yield of OFG Bancorp was 6.92%. The lowest was 1.09%. And the median was 1.96%.

OFG Bancorp's Dividends per Share for the months ended in Dec. 2023 was $0.22.

During the past 12 months, OFG Bancorp's average Dividends Per Share Growth Rate was 25.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 46.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 30.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of OFG Bancorp was 183.20% per year. The lowest was -34.10% per year. And the median was 13.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

OFG Bancorp Dividend Payout Ratio Historical Data

The historical data trend for OFG Bancorp's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

OFG Bancorp Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.17

0.18

0.14

0.20

0.23

OFG Bancorp Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.21	0.23	0.24	0.23	0.22

Competitive Comparison

For the Banks - Regional subindustry, OFG Bancorp's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

OFG Bancorp Dividend Payout Ratio Distribution

For the Banks industry and Financial Services sector, OFG Bancorp's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where OFG Bancorp's Dividend Payout Ratio falls into.

OFG Bancorp Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

OFG Bancorp's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.88	/	3.83
	=	0.23

OFG Bancorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.22	/	0.98
	=	0.22

OFG Bancorp (NYSE:OFG) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

OFG Bancorp Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of OFG Bancorp's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

OFG Bancorp (OFG Bancorp) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » OFG Bancorp (NYSE:OFG) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

OFP:Germany

Address

254 Munoz Rivera Avenue, San Juan, PRI, 00918

Website

https://www.ofgbancorp.com

OFG Bancorp is a financial holding company, through its subsidiaries provides banking and financial services. It operates through three segments namely Banking, Wealth Management, and Treasury. It serves to clients such as commercial, consumer, auto, and mortgage lending, checking and savings accounts, financial planning, insurance, financial services, and investment brokerage, and corporate and individual trust and retirement services. It provides services in the region of Puerto Rico.

Executives

Ganesh Kumar	officer: CFO & EVP	P.O. BOX 195115, SAN JUAN PR 00919-5115
Jesus Nestor De	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Cesar A Ortiz	officer: SVP & Chief Risk Officer	PO BOX 195115, SAN JUAN PR 00919
Maritza Arizmendi	officer: EVP & CFO	PO BOX 195115, SAN JUAN PR 00919-5115
Julian Inclan	director, DIRECTOR	P.O. BOX 195115, SAN JUAN PR 00919-5115
Patrick J. Haggarty	officer: Managing Director Comm. Bankin	P.O.BOX 195115, SAN JUAN PR 00919-5115
Jose Rafael Fernandez	officer: Senior Executive VP	PO BOX 195115, SAN JUAN PR 00919-5115
Jorge Colon	director	PO BOX 195115, SAN JUAN PR 00919-5115
Angel E. Vazquez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Edwin Perez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Ada Garcia	officer: Managing Dir Customer Intelli	P.O. BOX 195115, SAN JUAN PR 00919-5115
Hugh Gonzalez	officer: General Counsel	P.O. BOX 195115, SAN JUAN PR 00919-5115
Annette Franqui	director	811 MAIN STREET, SUITE 3000, HOUSTON TX 77002
Rafael A Velez-dominguez	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Sue Harnett	director	P.O. BOX 195115, SAN JUAN PR 00919-5115