OFG Bancorp Raises Dividend, Authorizes Share Buybacks

Dow Jones

Jan 29

By Katherine Hamilton

OFG Bancorp raised its quarterly cash dividend 17% to 35 cents a share from 30 cents.

The new payout, equal to $1.40 a year, represents an annual yield of 3.7% based on Wednesday's closing price of $37.73.

The Puerto Rico-based financial holding company said Wednesday the dividend will be paid on April 15 to shareholders of record as of March 31.

OFG board also approved a new $200 million share buyback authorization. The new program is in addition to its previous repurchase plan, which had $38.1 million available as of Dec. 31.

Shares advanced 1.9% to $38.43 after the bell.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 28, 2026 17:53 ET (22:53 GMT)

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The new program is in addition to its previous repurchase plan, which had $38.1 million available as of Dec. 31. \n\n\n  Shares advanced 1.9% to $38.43 after the bell. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 28, 2026 17:53 ET (22:53 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}