These Were Last Week’s 10 Worst Dividend Stocks

8. OFG Bancorp (NYSE:OFG)

Dividend yield: 2.87%

Dividend payout ratio: 23.64%

Ex-Dividend Date: March 31, 2025

Number of Hedge Funds: 23

OFG Bancorp (NYSE:OFG), a Puerto Rico-based financial holding company, experienced a decline in value by 3.62% during the last week.

Compared to the third quarter of 2024, OFG Bancorp (NYSE:OFG)’s fourth quarter saw a sharp decline in government deposits. Though the commercial and retail deposits experienced an increase during the same quarter, the decline of the government deposits seems to have affected the company’s valuations last week. Despite the strong financial results, the company faces higher credit loss provisions. The credit loss has increased from $19.7 million to $30.2 million year-over-year in the fourth quarter of 2024 due to an increased loan volume. Along with the credit loss, the noninterest expenses also increased to $99.7 million, negatively affecting the company’s valuation.

The dividend yield offered by the company stands at 2.87% and OFG Bancorp (NYSE:OFG) backs this dividend with a payout ratio of 23.64%. The remaining portion of the earnings retained by the company could be used for debt repayment or reinvestment, indicating sustainability in the company’s financial health—the number of hedge fund portfolios that held OFG amounted to 23 at the end of Q3 2024. Investors interested in the next dividend payment can purchase the shares of the company before March 31, 2025.