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Stock Market & Financial Investment News

News Breaks
February 7, 2013
16:34 EDTOFGCorrection: Oriental Financial reports Q4 EPs (53c), one estimate (8c)
$22.9M net loss in Q4 from implementation of the second phase of the deleveraging plan. Net cost of the deleveraging was $12.2M in 2012, when combined with $10.7M net profit from the plan's first phase in Q3.
News For OFG From The Last 14 Days
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November 19, 2014
13:39 EDTOFGOFG Bancorp repurchased 444,613 common shares to date in Q4
OFG announced it repurchased 444,613 common shares to date in the fourth quarter, at an average price of $14.65 per share, for a total of $6.5M. Year to date, OFG repurchased 1,152,113 common shares (equal to 2.52% of total shares issued and outstanding as of 12/31/13), at an average price of $14.66 each, for a total of $16.9M. As a result, OFG Bancorp has returned 42.3% of its annualized earnings in 2014 to investors comprised of common stock dividends (21.1%) and shares repurchased (21.2%). The new increased common stock dividend will not have a material impact on the anti-dilution effect of the Series C preferred shares outstanding.
13:37 EDTOFGOFG Bancorp raises quarterly dividend 25% to 10c from 8c per share
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