OFG Bancorp Declares Quarterly Dividend

TL;DR

OFG Bancorp is paying out a $0.16/share dividend on June 14th.

AI Summary

OFG Bancorp announced on May 8, 2024, that its Board of Directors has declared a quarterly cash dividend of $0.16 per share. This dividend is payable on June 14, 2024, to shareholders of record as of May 31, 2024. The company also reported on the submission of matters to a vote of security holders and other events.

Why It Matters

This dividend declaration indicates continued profitability and a commitment by OFG Bancorp to return value to its shareholders.

Risk Assessment

Risk Level: low — The filing is a routine dividend announcement and does not contain significant new risks.

Key Numbers

• $0.16 — Quarterly Dividend per Share (Represents the cash distribution to shareholders for the quarter.)

Key Players & Entities

• OFG Bancorp (company) — Registrant
• $0.16 (dollar_amount) — Quarterly cash dividend per share
• June 14, 2024 (date) — Payment date for the dividend
• May 31, 2024 (date) — Record date for the dividend
• May 8, 2024 (date) — Date of the earliest event reported

FAQ

Key Financial Figures

• $1.00 — h registered Common shares, par value $1.00 per share OFG New York Stock Exchange

Filing Documents

• ofg-20240508.htm (8-K) — 42KB
• 0001030469-24-000022.txt ( ) — 170KB
• ofg-20240508.xsd (EX-101.SCH) — 2KB
• ofg-20240508_lab.xml (EX-101.LAB) — 23KB
• ofg-20240508_pre.xml (EX-101.PRE) — 13KB
• ofg-20240508_htm.xml (XML) — 3KB

07. Submission of Matters to a Vote of Security Holders

Item 5.07. Submission of Matters to a Vote of Security Holders At the annual meeting of shareholders of OFG Bancorp (the "Company") held on May 8, 2024 (the "Annual Meeting"), the proposals listed below were submitted to a vote of shareholders as set forth in the Company's definitive proxy statement (the "Proxy Statement") for the Annual Meeting. Proposal 1 – Election of Directors The nominees named in the Proxy Statement were elected to serve as directors for a one-year term or until their successors are duly elected and qualified. The voting results with respect to each nominee were as follows: Directors For Withheld Broker Non-Votes Jos R. Fernndez 40,888,127 709,939 2,342,333 Jorge Coln Gerena 41,067,200 530,866 2,342,333 Nstor de Jess 40,339,221 1,258,845 2,342,333 Annette Franqui 40,570,165 1,027,901 2,342,333 Susan Harnett 38,290,227 3,307,839 2,342,333 Angel Vzquez 41,295,917 302,149 2,342,333 Rafael Vlez 41,127,419 470,647 2,342,333 Proposal 2 – Advisory Vote on Executive Compensation The compensation of the Company's named executive officers, as described in the Proxy Statement, was approved on an advisory basis by a majority of the votes represented at the meeting. The voting results were as follows: For Against Abstain Broker Non-Votes 40,886,692 685,106 26,268 2,342,333 Proposal 3 – Ratification of Selection of Independent Registered Public Accounting Firm The proposal to ratify the selection of KPMG LLP as the Company's independent registered public accountants for the year ending December 31, 2024 was approved. The voting results were as follows (there were no broker non-votes): For Against Abstain 43,345,100 534,891 60,408

01 Other Events

Item 8.01 Other Events On May 8, 2024, upon the retirement of Julian S. Incln as director and Chairperson of the Board, the Board of Directors appointed Jos R. Fernndez, the Company's CEO, as Chairperson of the Board and Nstor de Jess as the Lead Independent Director of the Board.

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. OFG BANCORP Date: May 14, 2024 By: /s/ Hugh Gonzlez Name: Hugh Gonzlez Title: General Counsel

View Full Filing

View this 8-K filing on SEC EDGAR