Popular, Inc. Declares a Cash Dividend of $0.40 per Common Share

Rhea-AI Summary

Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.40 per share on its common stock. This dividend will be paid on April 1, 2021, to shareholders who are on record as of the close of business on March 18, 2021. Popular is a major financial institution in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets, offering a comprehensive range of banking and financial services across various regions.

Positive

• Quarterly cash dividend of $0.40 per share enhances shareholder income.
• Demonstrates company confidence in ongoing profitability.

Negative

• None.

Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.40 per share on its outstanding common stock. The dividend will be payable on April 1, 2021 to shareholders of record at the close of business on March 18, 2021.

About Popular, Inc.

Popular, Inc. (NASDAQ: BPOP) is the leading financial institution in Puerto Rico, by both assets and deposits, and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.

P-EN-FIN

View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005429/en/

FAQ

What is the dividend amount declared by Popular, Inc. (BPOP)?

The dividend amount declared is $0.40 per share.

When will the dividend be paid to shareholders of BPOP?

The dividend will be paid on April 1, 2021.

What is the record date for the dividend payment of Popular, Inc. (BPOP)?

The record date is March 18, 2021.

How often does Popular, Inc. (BPOP) pay dividends?

Popular, Inc. typically pays dividends quarterly.

How does the dividend impact shareholders of BPOP?

The dividend provides a direct income boost to shareholders, reflecting company confidence.