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Popular, Inc. Declares a Cash Dividend of $0.45 per Common Share
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.45 per share on its outstanding common stock. This dividend will be payable on January 3, 2022 to shareholders on record as of December 7, 2021. Popular, Inc., the leading financial institution in Puerto Rico, ranks among the top 50 U.S. bank holding companies by assets and offers a wide range of banking services both in Puerto Rico and the mainland United States through its subsidiaries.
Positive
Quarterly cash dividend of $0.45 per share demonstrates strong financial performance and shareholder return.
Dividend payout scheduled for January 3, 2022, indicates company confidence in sustaining income for shareholders.
Negative
None.
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
Popular, Inc. (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.45 per share on its outstanding common stock. The dividend will be payable on January 3, 2022 to shareholders of record at the close of business on December 7, 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.
Investor Relations:
Paul J. Cardillo, 212-417-6721
Investor Relations Officer
pcardillo@popular.com
or
Media Relations:
MC González Noguera, 917-804-5253
Executive Vice President and Chief Communications & Public Affairs Officer
mc.gonzalez@popular.com
Source: Popular, Inc.
FAQ
What is the dividend amount declared by Popular, Inc. (BPOP)?
Popular, Inc. has declared a dividend of $0.45 per share.
When will the dividend for Popular, Inc. (BPOP) be paid?
The dividend will be payable on January 3, 2022.
What is the record date for the dividend of Popular, Inc. (BPOP)?
The record date for the dividend is December 7, 2021.
Is the dividend from Popular, Inc. (BPOP) sustainable?
The announcement of a dividend suggests confidence in ongoing financial health, but sustainability will depend on future earnings and economic conditions.
