OFG Bancorp
OFGFinancial Services · Stock · quarterly payer
Forward Yield
2.70%
Annual Dividend
$1.30
Payout Ratio
26%
5-Yr Growth
33.8%
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of June 2026, OFG Bancorp (OFG) yields 2.70% ($1.30 per share annually), with a blended fair-value estimate of $83.69 — +74% upside, so it screens as undervalued. Dividend safety grade: B (76/100). 5 years of dividend growth.
Is OFG a good dividend stock?
YesOFG Bancorp (OFG) pays a quarterly dividend yielding 2.70% ($1.30/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
- 117% total price return over 5 years
Risks
- Cut its dividend in 2016
Key Data
- Dividend Yield
- 2.70%
- Payout Ratio
- 26%
- Annual Dividend
- $1.30
- 5-Yr Avg Growth
- 33.8%
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 0.73
- Market Cap
- $2.0B
- P/E Ratio
- 9.9
- 5-Yr Total Return
- 117%
- 52-Week Range
- $35.71 – $48.11
- Dividend Safety
- B · 76/100
- Ever Cut?
- Yes (2016)
Frequently Asked Questions
OFG Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+84%
5 Years
+117%
52-Week Range
$35.71 – $48.11
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is OFG worth?
Undervaluedmedium confidenceOur blended fair-value estimate for OFG Bancorp is $83.69 per share, versus a market price of $48.06. That implies 74% of upside — a margin of safety of about 43%.
Fair Value
$83.69
Current Price
$48.06
Upside
+74%
Margin of Safety
43%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 5.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.9% discount rate (CAPM), 5.6% stage-1 growth, 2.5% terminal growth, $4.84 EPS, $1.30 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 |
|---|---|---|---|
| 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 |
| Sep 29, 2022 | — | $0.2000 | regular |
Income Calculator
At $1.30 / yr per share
