As per OFG Bancorp (NYSE:OFG)’s news release on 2016-12-01, its shareholders as on record 2016-12-30 will get dividend of $0.06 per share. Disbursement date as revealed is 2017-01-17 and ex-dividend date was 2016-12-28.
Examining a firm’s payout gives an excellent platform for fundamental assessment of a firm and for competitors within same market. Dividends offer steady, persistent judgment, not blocked by the volatility recorded daily in a firm’s stock, pertaining to organization’s performance. When there comes a time of progressively growing dividend, it is an indication that operational model is progressing and that the unit is repetitively posting improved incomes. It is an assurance that shareholders often seek help to face the challenges posed from varying economic settings.
Also, equity assessment takes evidences from a business’s financial report. It is discreetly simple for entities using controlled accounting tricks to sway their financial show. However, it is complicated for an organization to construct their trend of payout, whether positive or negative, on paper.
Entities that have known history of progressively mounting payout are less vulnerable to be impacted by financial report.
In FY2015 OFG Bancorp (NYSE:OFG) dividend payout was $0.06 against payout of $0.06, a year ago. This confirms a sharp change of -33.3333% in dividend distribution.
OFG Bancorp (NYSE:OFG) can attain price of $12.75 in coming months. It is mean prediction of 2 calls. The affirmative revision can prompt equity to high of $14.5. The low price forecast is $11 for next fiscal. Arithmetic numeral as set by analysts is 3.
OFG Bancorp (NYSE:OFG) trimestral report can be revealed around 2017-04-28 for the quarter ending 2017-03-31. The EPS projection is $0.26 for the period ending on 2017-03-31.
In last quarter closed 2016-12-31, OFG Bancorp (NYSE:OFG) earnings came at $0.27 suggesting a deviation of $0.01. The analysts targeted EPS of $0.26 for the quarter.
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