SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
OFG Bancorp (NYSE: OFG) will be added to the Standard & Poor’s SmallCap
600 after the market close on Tuesday, December 9, 2014. The
announcement was made yesterday by S&P Dow Jones Indices.
The S&P SmallCap 600® measures the small-cap segment of
the U.S. equity market and is designed to track companies that meet
specific inclusion criteria to ensure that they are liquid and
financially viable, according to S&P Dow Jones Indices.
The announcement follows one earlier this year that OFG was selected to
be included in the 2014 Barron’s 400 Index, which measures the
performance of the most fundamentally sound and attractively priced
stocks.
In addition, the announcement follows news that OFG Board of Director’s
decided to increase the quarterly cash dividend per common share by 25%,
to $0.10, and OFG this year repurchased in the open market a total of
2.52% of its common shares outstanding.
“We greatly appreciate S&P Dow Jones’s recognition of our
accomplishments at OFG,” said José Rafael Fernández, President, CEO &
Vice Chairman. “It continues to underscore the strength of our financial
results and what we believe are our bright prospects.”
About OFG Bancorp
Now in its 50th 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 full range of commercial, consumer and mortgage
banking services, as well as financial planning, trust, insurance,
investment brokerage and investment banking services, primarily in
Puerto Rico, through 55 financial centers. Investor information can be
found at www.ofgbancorp.com.
Puerto Rico:
OFG Bancorp
Alexandra López, 787-522-6970
allopez@orientalbank.com
or
US:
Anreder
& Company
Steven Anreder / Gary Fishman, 212-532-3232
steven.anreder@anreder.com
gary.fishman@anreder.com
Source: OFG Bancorp