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

On 10/10/13, 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 10/31/13. As a percentage of OFG.PRA's recent share price of $22.00, this dividend works out to approximately 0.67%, so look for shares of OFG.PRA to trade 0.67% lower ? all else being equal ? when OFG.PRA shares open for trading on 10/10/13. On an annualized basis, the current yield is approximately 8.02%, which compare...