OFG Bancorp, parent company of Oriental Bank, will be added to the Standard & Poor’s Small Cap 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 the 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.”
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