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OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend to $0.30

1. OFG Bancorp increased the quarterly cash dividend by 20% to $0.30. 2. The new dividend is payable on April 15, 2025. 3. This action reflects OFG's commitment to shareholder returns.

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Why Bullish?

Increasing dividends often signals strong financial health and shareholder value. Past dividend increases have positively influenced stock prices.

How important is it?

Dividend changes are crucial indicators for investor sentiment and market performance. The 20% increase is significant enough to attract short-term investor interest.

Why Short Term?

Dividends generally yield immediate market reactions post-announcement. Historical dividend announcements usually impact price quickly.

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OFG Bancorp Increases Regular Quarterly Common Stock Cash Dividend to $0.30

SAN JUAN, Puerto Rico--()--OFG Bancorp (NYSE: OFG) today announced its Board of Directors increased the regular quarterly cash dividend by 20% to $0.30 per common share from $0.25 per share, for the quarter ending March 31, 2025, as part of OFG’s capital actions this year. The dividend is payable April 15, 2025, to holders of record at March 31, 2025.

About OFG Bancorp

Now in its 61st year in business, OFG Bancorp is a diversified financial holding company that operates under U.S., Puerto Rico and U.S. Virgin Islands banking laws and regulations. Its three principal subsidiaries, Oriental Bank, Oriental Financial Services and Oriental Insurance, provide a wide range of retail and commercial banking, lending and wealth management products, services, and technology, primarily in Puerto Rico and U.S. Virgin Islands. Our mission is to make progress possible for our customers, employees, shareholders, and the communities we serve. Visit us at www.ofgbancorp.com.

Contacts

Puerto Rico & USVI: Lumarie Vega López (lumarie.vega@orientalbank.com) and Victoria Maldonado Rodríguez (victoria.maldonado@orientalbank.com) at (787) 771-6800

US: Gary Fishman (gfishman@ofgbancorp.com) and Steven Anreder (sanreder@ofgbancorp.com) at (212) 532-3232

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