PreferredStockChannel
OFG Bancorp | 7.125% Non-cumulative Monthly Income Preferred Stock, Series A (OFG.PRA)

Prospectus excerpt:  Oriental Financial Group Inc. is offering to the public 1,225,000 shares of its 7.125% Noncumulative Monthly Income Preferred Stock, Series A. The Series A Preferred Stock has the following characteristics: Annual dividends of $1.78125 per share, payable monthly, if declared by the board of directors. Missed dividends never have to be paid. Redeemable at Oriental Financial Group's option beginning on May 30, 2004. No mandatory redemption or stated maturity.

Full Prospectus PDF », OFG Page »

Series:A
Alternate symbology:OFG-A, OFG-PA, OFGprA
Redeemable?:Yes
Call Date:5/30/2004 (Now Trading Post Call Date)
Perpetual?:Yes
Cumulative?:No
Shares Offered:1,225,000
Overallotment:180,000
Liquidation Preference:$25
Recent Market Price:$26.52
Premium to Liquidation Preference:
(More Preferreds Trading at a Premium »)
$1.52 (6.08%)
Annualized Dividend:1.7808
Recent Ex-Date:11/14/2019
Current Yield:6.71%
Original Coupon:7.13%
Pay Period:Monthly
OFG Bancorp is a financial holding company. Through its subsidiaries, Co. provides a range of banking and financial services to its clients through a range of banking and financial solutions. Co.'s business segments include: Banking, which provides deposits and commercial, consumer and mortgage loans, and mortgage banking activities; Wealth Management, which include financial planning, money management, investment banking, brokerage services, insurance sales activity, corporate and individual trust, and retirement services, as well as retirement plan administration services; and Treasury, which encompasses all of Co.'s asset/liability management activities.

Preferreds: OFG.PRA, OFG.PRB, OFG.PRD


Open the OFG Information Page »
Name: 
OFG Bancorp
Website: 
www.ofgbancorp.com
Sector: 
Banking & Savings
Number of ETFs Holding OFG: 
43 (see which ones)
Total Market Value Held by ETFs: 
$222,812,320
Total Market Capitalization: 
$1,092,000,000
% of Market Cap. Held by ETFs: 
20.40%

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