SmarterDividends
OFG

OFG Bancorp

OFG

Financial Services · Banks - Regional · Stock · quarterly payer

$52.64

Undervalued · +54% Add to Portfolio

Forward Yield

2.56%

Annual Dividend

$1.35

Payout Ratio

26%

5-Yr Growth

33.8%

Ex-Date

Sep 30, 2026

Frequency

Quarterly

Key facts about OFG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, OFG Bancorp (OFG) has a forward dividend yield of 2.56%, based on an annual dividend of $1.35 per share and a share price of $52.64.
  • As of Oct 18, 2026, OFG's dividend safety grade from SmarterDividends is A (80 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, OFG Bancorp (OFG) has raised its dividend for 5 consecutive years as of Oct 18, 2026.
  • OFG last cut its regular dividend in 2016.
  • OFG's most recent ex-dividend date was Sep 30, 2026, for a dividend of $0.35 per share.
  • As of Oct 18, 2026, OFG pays out 26% of its trailing 12-month earnings as dividends (its payout ratio).
  • OFG's dividend has grown at an average rate of 33.8% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for OFG is $81.23 per share, 54% above the $52.64 share price, so OFG screens as undervalued.
  • OFG Bancorp (OFG) pays its dividend quarterly, 4 times a year.
  • OFG Bancorp (OFG) has raised its regular dividend 29 times and cut it 3 times across the 140 payments on record since 1987. Its most recent change was a 16.7% increase to $0.350 per share, going ex-dividend on Mar 31, 2026. The last cut went ex-dividend on Dec 29, 2015.
Cite this page

SmarterDividends, "OFG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/OFG

Summary

As of Oct 18, 2026, OFG Bancorp (OFG) yields 2.56% ($1.35 a year per share), has a dividend safety grade of A (80/100) and has 5 consecutive years of dividend increases on record.

Is OFG a good dividend stock?

Yes

OFG Bancorp (OFG) pays a quarterly dividend yielding 2.56% ($1.35/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • Comfortable payout ratio (26%)
  • Strong 33.8% 5-yr dividend growth
  • 118% total price return over 5 years
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2016

Key Data

Dividend Yield
2.56%
Payout Ratio
26%
Annual Dividend
$1.35
5-Yr Avg Growth
33.8%
Ex-Dividend Date
Sep 30, 2026
Years of Growth
5
Frequency
quarterly
Beta
0.74
Market Cap
$2.2B
P/E Ratio
10.4
5-Yr Total Return
118%
52-Week Range
$35.71 – $54.47
Dividend Safety
A · 80/100
Ever Cut?
Yes (2016)

OFG dividend raises and cuts

OFG Bancorp (OFG) has raised its regular dividend 29 times and cut it 3 times across the 140 payments on record since 1987. Its most recent change was a 16.7% increase to $0.350 per share, going ex-dividend on Mar 31, 2026. The last cut went ex-dividend on Dec 29, 2015.

Ex-dateChangeOld → newMove
Mar 31, 2026Raise$0.300 → $0.350+16.7%
Mar 31, 2025Raise$0.250 → $0.300+20.0%
Mar 27, 2024Raise$0.220 → $0.250+13.6%
Mar 30, 2023Raise$0.200 → $0.220+10.0%
Sep 29, 2022Raise$0.150 → $0.200+33.3%
Mar 30, 2022Raise$0.120 → $0.150+25.0%
Sep 29, 2021Raise$0.0800 → $0.120+50.0%
Mar 30, 2021Raise$0.0700 → $0.0800+14.3%
Dec 28, 2018Raise$0.0600 → $0.0700+16.7%
Dec 29, 2015Cut$0.100 → $0.0600−40.0%
Dec 29, 2014Raise$0.0800 → $0.100+25.0%
Dec 27, 2013Raise$0.0600 → $0.0800+33.3%
Show all 32 changes since 1993
Ex-dateChangeOld → newMove
Dec 28, 2011Raise$0.0500 → $0.0600+20.0%
Dec 29, 2010Raise$0.0400 → $0.0500+25.0%
Mar 30, 2009Cut$0.140 → $0.0400−71.4%
Dec 28, 2004Raise$0.127 → $0.141+10.7%
Dec 26, 2003Raise$0.116 → $0.127+10.0%
Dec 26, 2002Raise$0.0992 → $0.116+16.7%
Jun 26, 2002Raise$0.0902 → $0.0992+10.0%
Mar 26, 1999Raise$0.0691 → $0.0902+30.4%
Dec 28, 1998Raise$0.0676 → $0.0691+2.2%
Mar 27, 1998Raise$0.0563 → $0.0676+20.0%
Dec 26, 1997Cut$0.0570 → $0.0563−1.1%
Sep 26, 1997Raise$0.0541 → $0.0570+5.3%
Mar 26, 1997Raise$0.0451 → $0.0541+20.0%
Dec 16, 1996Raise$0.0376 → $0.0451+20.0%
Dec 13, 1995Raise$0.0301 → $0.0376+25.0%
Sep 14, 1995Raise$0.0289 → $0.0301+4.2%
Jun 29, 1995Raise$0.0192 → $0.0289+50.0%
Dec 9, 1994Raise$0.0123 → $0.0192+56.9%
Sep 14, 1994Raise$0.0090 → $0.0123+36.0%
Jul 22, 1993Raise$0.0060 → $0.0090+50.0%
Every OFG payment →Download every raise and cut (CSV)
OFG ex-dividend date & scheduleNext ex-date Sep 30, 2026 · full ex-dividend historyView →OFG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is OFG a good dividend stock?

Yes. OFG Bancorp (OFG) pays a quarterly dividend yielding 2.56% ($1.35/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is OFG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, OFG's fair value is about $81.23 versus a $52.64 share price — so it looks undervalued (+54% vs. fair value).

Is OFG's dividend safe?

OFG has a dividend-safety grade of A (80/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2016, debt and yield-versus-history.

What is OFG's fair value?

Our blended fair-value estimate for OFG is about $81.23 per share, roughly 54% above the current $52.64 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is OFG a buy, hold, or sell?

We don't issue formal ratings, but on the data OFG screens as "yes" and undervalued. OFG Bancorp (OFG) pays a quarterly dividend yielding 2.56% ($1.35/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will OFG cut its dividend?

OFG earns a dividend-safety grade of A (80/100), and has cut its dividend before (last in 2016). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does OFG pay a dividend?

Yes. OFG Bancorp pays a quarterly dividend of about $1.35 per share annually, a forward yield of roughly 2.56%.

What is OFG's dividend yield?

As of Oct 18, 2026, OFG's forward dividend yield is 2.56%, based on a $1.35 annual dividend and a $52.64 share price.

What is OFG's dividend per share?

As of Oct 18, 2026, OFG pays $1.35 per share per year, distributed on a quarterly basis.

What is OFG's dividend payout ratio?

As of Oct 18, 2026, OFG's payout ratio is 26% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has OFG grown its dividend?

As of Oct 18, 2026, OFG has increased its dividend for 5 consecutive years.

When is the next OFG ex-dividend date?

As of Oct 18, 2026, OFG's next ex-dividend date hasn't been announced. The most recent was Sep 30, 2026, for $0.35 per share.

Income Calculator

At $1.35 / yr per share

Per payment (quarterly)$33.75
Annual$135.00
Monthly avg$11.25

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