Split History
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OFG Bancorp (OFG) has 12 splits in our OFG split history database. The first split for OFG took place on August 17, 1993. This was a 3 for 2 split, meaning for each 2 shares of OFG owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. OFG's second split took place on October 06, 1994. This was a 4 for 3 split, meaning for each 3 shares of OFG owned pre-split, the shareholder now owned 4 shares. For example, a 1500 share position pre-split, became a 2000 share position following the split. OFG's third split took place on October 03, 1995. This was a 5 for 4 split, meaning for each 4 shares of OFG owned pre-split, the shareholder now owned 5 shares. For example, a 2000 share position pre-split, became a 2500 share position following the split. OFG's 4th split took place on October 17, 1996. This was a 6 for 5 split, meaning for each 5 shares of OFG owned pre-split, the shareholder now owned 6 shares. For example, a 2500 share position pre-split, became a 3000 share position following the split. OFG's 5th split took place on October 16, 1997. This was a 5 for 4 split, meaning for each 4 shares of OFG owned pre-split, the shareholder now owned 5 shares. For example, a 3000 share position pre-split, became a 3750 share position following the split. OFG's 6th split took place on October 16, 1998. This was a 4 for 3 split, meaning for each 3 shares of OFG owned pre-split, the shareholder now owned 4 shares. For example, a 3750 share position pre-split, became a 5000 share position following the split. OFG's 7th split took place on March 27, 2002. This was a 11 for 10 split, meaning for each 10 shares of OFG owned pre-split, the shareholder now owned 11 shares. For example, a 5000 share position pre-split, became a 5500 share position following the split. OFG's 8th split took place on January 16, 2003. This was a 5 for 4 split, meaning for each 4 shares of OFG owned pre-split, the shareholder now owned 5 shares. For example, a 5500 share position pre-split, became a 6875 share position following the split. OFG's 9th split took place on December 29, 2003. This was a 11 for 10 split, meaning for each 10 shares of OFG owned pre-split, the shareholder now owned 11 shares. For example, a 6875 share position pre-split, became a 7562.5 share position following the split. OFG's 10th split took place on December 29, 2004. This was a 11 for 10 split, meaning for each 10 shares of OFG owned pre-split, the shareholder now owned 11 shares. For example, a 7562.5 share position pre-split, became a 8318.75 share position following the split. OFG's 11th split took place on November 18, 1991. This was a 11 for 10 split, meaning for each 10 shares of OFG owned pre-split, the shareholder now owned 11 shares. For example, a 8318.75 share position pre-split, became a 9150.625 share position following the split. OFG's 12th split took place on September 25, 1992. This was a 8 for 7 split, meaning for each 7 shares of OFG owned pre-split, the shareholder now owned 8 shares. For example, a 9150.625 share position pre-split, became a 10457.8571428571 share position following the split.
When a company such as OFG Bancorp splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the OFG split history from start to finish, an original position size of 1000 shares would have turned into 10457.8571428571 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into OFG Bancorp shares, starting with a $10,000 purchase of OFG, presented on a split-history-adjusted basis factoring in the complete OFG split history.
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Growth of $10,000.00 With Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 04/24/2024 | ||
| Start price/share: | $16.55 | ||
| End price/share: | $36.97 | ||
| Starting shares: | 604.23 | ||
| Ending shares: | 760.46 | ||
| Dividends reinvested/share: | $4.14 | ||
| Total return: | 181.14% | ||
| Average Annual Total Return: | 10.89% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $28,106.12 | ||
| Years: | 10.00 | ||
|
Growth of $10,000.00 Without Dividends Reinvested |
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| Start date: | 04/28/2014 | ||
| End date: | 04/24/2024 | ||
| Start price/share: | $16.55 | ||
| End price/share: | $36.97 | ||
| Dividends collected/share: | $4.14 | ||
| Total return: | 148.40% | ||
| Average Annual Total Return: | 9.53% | ||
| Starting investment: | $10,000.00 | ||
| Ending investment: | $24,844.06 | ||
| Years: | 10.00 | ||
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| About OFG Bancorp |
| OFG Bancorp is a financial holding company. Through its subsidiaries, Co. provides banking and financial services and solutions to its clients, including commercial, consumer, auto, leasing, checking and savings accounts. Co. operates through three main business segments: Banking, which provides banking products such as deposits and commercial, consumer and mortgage loans; Wealth Management, which provides financial planning, money management and investment banking, investment advisory services, corporate and individual trust and retirement services, as well as retirement plan administration services; and Treasury, which encompasses all of Co.'s asset/liability management activities. According to our OFG split history records, OFG Bancorp has had 12 splits. |
| OFG Split History Table | |
| Date | Ratio |
| 08/17/1993 | 3 for 2 |
| 10/06/1994 | 4 for 3 |
| 10/03/1995 | 5 for 4 |
| 10/17/1996 | 6 for 5 |
| 10/16/1997 | 5 for 4 |
| 10/16/1998 | 4 for 3 |
| 03/27/2002 | 11 for 10 |
| 01/16/2003 | 5 for 4 |
| 12/29/2003 | 11 for 10 |
| 12/29/2004 | 11 for 10 |
| 11/18/1991 | 11 for 10 |
| 09/25/1992 | 8 for 7 |
| Financials Stock Splits |
| OFG is categorized under the Financials sector; below are some other companies in the same sector that also have a history of stock splits:
OIH Split History Also explore: OFG shares outstanding history
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