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Oriental Financial Group, Inc. (OFG) Passes Through 2% Yield Mark

By Dividend Channel Staff, Wednesday, November 23, 3:13 PM ET
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In trading on Wednesday, shares of Oriental Financial Group, Inc. (NYSE:OFG) were yielding above the 2% mark based on its quarterly dividend (annualized to $0.20), with the stock changing hands as low as $9.73 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 you would have paid $78.27 per share. Fast forward to 5/31/2011 and each share was worth $80.78 on that date, a mere $2.51 or 3.2% increase over eleven years. But now consider that you collected a whopping $9.69 per share in dividends over the same period, increasing your return to 20.27%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.7%; so by comparison collecting a yield above 2% would appear considerably attractive if that yield is sustainable. Oriental Financial Group, Inc. (NYSE:OFG) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.

In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Oriental Financial Group, Inc., looking at the history chart for OFG below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 2% annual yield.

OFG Dividend History
Date Div*
09/28/11 0.050
06/28/11 0.050
03/29/11 0.050
12/29/10 0.050
09/28/10 0.040
06/28/10 0.040
03/29/10 0.040
12/29/09 0.040
09/28/09 0.040
06/30/09 0.040
03/30/09 0.040
12/26/08 0.140
09/26/08 0.140
06/26/08 0.140
03/27/08 0.140
12/27/07 0.140
10/01/07 0.140
06/27/07 0.140
03/28/07 0.140
12/27/06 0.140
09/27/06 0.140
06/28/06 0.140
03/28/06 0.140
12/28/05 0.140
09/28/05 0.140
06/28/05 0.140
03/28/05 0.140
12/28/04 0.141
09/28/04 0.127
06/28/04 0.127
03/26/04 0.127
12/26/03 0.127
09/26/03 0.116
06/26/03 0.116
03/27/03 0.116
12/26/02 0.116
09/26/02 0.099
06/26/02 0.099
03/27/02 0.109
12/27/01 0.090
09/26/01 0.090
06/27/01 0.090
03/28/01 0.090
12/27/00 0.090
09/27/00 0.090
06/28/00 0.090
03/28/00 0.090
12/28/99 0.090
09/28/99 0.090
06/28/99 0.090
03/26/99 0.090
12/28/98 0.069
09/28/98 0.068
06/26/98 0.068
03/27/98 0.068
12/26/97 0.056
09/26/97 0.057
06/26/97 0.054
03/26/97 0.054
12/16/96 0.045
06/14/96 0.038
03/12/96 0.038
12/13/95 0.038
09/14/95 0.030
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.

OFG operates in the Banking & Savings sector, among companies like Barclays PLC (NYSE:BCS) which is off about 3.5% today, and HDFC Bank Ltd (NYSE:HDB) trading lower by about 3.8%. Below is a three month price history chart comparing the stock performance of OFG, versus BCS and HDB.

OFG,BCS,HDB Relative Performance Chart


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