OFG Bancorp was added to the Standard & Poor’s SmallCap 600 after the market close on Tuesday, S&P Dow Jones Indices announced.
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 news that OFG Board of Director’s decided to increase the quarterly cash dividend per common share by 25 percent, to $0.10, and OFG this year repurchased in the open market a total of 2.52 percent of its common shares outstanding.
“We greatly appreciate S&P Dow Jones’s recognition of our accomplishments at OFG,” said José Rafael Fernández, president of OFG. “It continues to underscore the strength of our financial results and what we believe are our bright prospects.”
OFG is the parent company of Oriental Bank, Oriental Financial Services and Oriental Insurance.