Cash Dividend On The Way From OFG Bancorp's Noncumulative Monthly Income Preferred Stock, Series B

On 11/12/14, OFG Bancorp's 7.0% Noncumulative Monthly Income Preferred Stock, Series B (NYSE: OFG.PRB) will trade ex-dividend, for its monthly dividend of $0.1458, payable on 12/1/14. As a percentage of OFG.PRB's recent share price of $23.42, this dividend works out to approximately 0.62%, so look for shares of OFG.PRB to trade 0.62% lower — all else being equal — when OFG.PRB shares open for trading on 11/12/14. On an annualized basis, the current yield is approximately 7.43%, which compare...