Oriental Financial Group Incorporated (NYSE:OFG) announced its quarterly dividend of 6 cents per share, an increase of about 20% over its prior dividend in September of 5 cents. The payable date is January 13, 2012, to holders of record on December 30, 2011, with an ex-dividend date of December 28, 2011. On an annualized basis, the dividend increases to $0.24 per share, from $0.20, and represents a 2.39% yield based on yesterday's closing price of $10.03.
Shares are higher by about 7.6 percent.
In other dividend news, Blackrock Incorporated (NYSE:BLK) maintained its quarterly dividend of 1 dollar and 37.5 cents per share. Devon Energy Corporation New (NYSE:DVN) maintained its quarterly dividend of 17 cents per share. American Tower Corporation (NYSE:AMT) maintained a dividend of 35 cents per share. Heartland Express Incorporated (NASDAQ:HTLD) maintained its quarterly dividend of 2 cents per share.
Among dividend reductions, Deswell Industries Incorporated (NASDAQ:DSWL) announced its quarterly dividend of 2 cents per share, a decrease of about 33% from its prior dividend in September of 3 cents.
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