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Press Release

OFG Bancorp Declares Regular Quarterly Preferred Stock Cash Dividends

Company Release - 8/22/2018 4:12 PM ET

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- OFG Bancorp (NYSE: OFG) today announced that its Board of Directors declared the following regular quarterly cash dividends on its preferred stock for the quarter ending September 30, 2018:

  • $21.875 per share on its 8.750% Non-Cumulative Convertible Perpetual Preferred Stock, Series C (CUSIP: 67103X706). This is the final dividend for Series C before its conversion to common stock effective October 22, 2018, as previously announced.
  • $0.4453125 per share on its 7.125% Non-Cumulative Perpetual Preferred Stock, Series D (CUSIP: 67103X409)

Preferred stock dividends are payable October 15, 2018, to holders of record September 28, 2018, with an ex-dividend date of September 27, 2018.

About OFG Bancorp

Now in its 54th year in business, OFG Bancorp is a diversified financial holding company that operates under U.S. and Puerto Rico 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. Investor information can be found at www.ofgbancorp.com.

For OFG Bancorp
Puerto Rico:
Idalis Montalvo, 787-777-2847
idalis.montalvo@orientalbank.com
or
US:
Gary Fishman, 212-532-3232
gfishman@ofgbancorp.com
or
Steven Anreder, 212-532-3232
sanreder@ofgbancorp.com

Source: OFG Bancorp