OFG Bancorp announced that its Board of Directors has increased the regular quarterly cash dividend by 20%, raising it to $0.30 per common share from the previous $0.25 per share. This dividend is for the quarter ending March 31, 2025.
The increased dividend is payable on April 15, 2025, to shareholders of record as of March 31, 2025. This action is part of OFG's capital management strategy for the current year.
A substantial dividend increase like this reflects the company's strong financial position and its commitment to returning capital to shareholders. It indicates confidence in sustained earnings and robust cash flow generation.
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