OFG Bancorp
OFGFinancial Services · Stock · quarterly payer
Forward Yield
2.57%
Annual Dividend
$1.35
Payout Ratio
26%
5-Yr Growth
33.8%
Ex-Date
Sep 30, 2026
Frequency
Quarterly
Summary
As of July 2026, OFG Bancorp (OFG) yields 2.57% ($1.35 per share annually), with a blended fair-value estimate of $90.79 — +73% upside, so it screens as undervalued. Dividend safety grade: B (77/100). 5 years of dividend growth.
Is OFG a good dividend stock?
YesOFG Bancorp (OFG) pays a quarterly dividend yielding 2.57% ($1.35/yr), with 5 years of growth and a dividend-safety grade of B. 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
Risks
- Cut its dividend in 2016
Key Data
- Dividend Yield
- 2.57%
- 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
- 0.71
- Market Cap
- $2.2B
- P/E Ratio
- 10.3
- 5-Yr Total Return
- —
- 52-Week Range
- —
- Dividend Safety
- B · 77/100
- Ever Cut?
- Yes (2016)
Frequently Asked Questions
OFG Price — Last 12 Months
Daily close
Price Return
1 Year
—
3 Years
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5 Years
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52-Week Range
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Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OFG worth?
Undervaluedlow confidenceOur blended fair-value estimate for OFG Bancorp is $90.79 per share, versus a market price of $52.40. That implies 73% of upside — a margin of safety of about 42%.
Fair Value
$90.79
Current Price
$52.40
Upside
+73%
Margin of Safety
42%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.9% discount rate (CAPM), 12.2% stage-1 growth, 2.5% terminal growth, $5.07 EPS, $1.35 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
OFG Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.3500 | regular |
| Mar 31, 2026 | — | $0.3500 | regular |
| Sep 30, 2025 | — | $0.3000 | regular |
| Jun 30, 2025 | — | $0.3000 | regular |
| Mar 31, 2025 | — | $0.3000 | regular |
| Dec 31, 2024 | — | $0.2500 | regular |
| Sep 30, 2024 | — | $0.2500 | regular |
| Jun 28, 2024 | — | $0.2500 | regular |
| Mar 27, 2024 | — | $0.2500 | regular |
| Dec 28, 2023 | — | $0.2200 | regular |
| Sep 28, 2023 | — | $0.2200 | regular |
| Jun 29, 2023 | — | $0.2200 | regular |
| Mar 30, 2023 | — | $0.2200 | regular |
| Dec 29, 2022 | — | $0.2000 | regular |
Income Calculator
At $1.35 / yr per share
