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OFG Bancorp (OFG Bancorp) 3-Year Dividend Growth Rate : 46.50% (As of Dec. 2023)


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What is OFG Bancorp 3-Year Dividend Growth Rate?

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

The historical rank and industry rank for OFG Bancorp's 3-Year Dividend Growth Rate or its related term are showing as below:

OFG' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -34.1   Med: 13.4   Max: 183.2
Current: 46.5

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.

OFG's 3-Year Dividend Growth Rate is ranked better than
94.22% of 779 companies
in the Banks industry
Industry Median: 7.5 vs OFG: 46.50

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. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

OFG Bancorp's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.22. As of today, OFG Bancorp's Dividend Yield % is 2.52%.

Warning Sign:

OFG Bancorp stock dividend yield is close to 1-year low.

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


Competitive Comparison of OFG Bancorp's 3-Year Dividend Growth Rate

For the Banks - Regional subindustry, OFG Bancorp's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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's 3-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, OFG Bancorp's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where OFG Bancorp's 3-Year Dividend Growth Rate falls into.



OFG Bancorp 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


OFG Bancorp  (NYSE:OFG) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

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

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.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

OFG Bancorp Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.2502024-03-272024-03-282024-04-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.2202023-12-282023-12-292024-01-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.2202023-09-282023-09-292023-10-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.2202023-06-292023-06-302023-07-17Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

OFG Bancorp's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.91/36.97
=2.46 %

Current Share Price is $36.97.
OFG Bancorp's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.91.

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

Warning Sign:

OFG Bancorp stock dividend yield is close to 1-year low.

* 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.


OFG Bancorp 3-Year Dividend Growth Rate Related Terms>


OFG Bancorp (OFG Bancorp) Business Description

Industry
Traded in Other Exchanges
Address
254 Munoz Rivera Avenue, San Juan, PRI, 00918
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

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