Cash Dividend On The Way From OFG Bancorp's Non-cumulative Monthly Income Preferred Stock, Series A

On 9/11/13, OFG Bancorp's 7.125% Non-cumulative Monthly Income Preferred Stock, Series A (NYSE: OFG.PRA) will trade ex-dividend, for its monthly dividend of $0.1484, payable on 9/30/13. As a percentage of OFG.PRA's recent share price of $24.95, this dividend works out to approximately 0.59%, so look for shares of OFG.PRA to trade 0.59% lower -- all else being equal -- when OFG.PRA shares open for trading on 9/11/13. On an annualized basis, the current yield is approximately 7.14%, which compares...