Popular, Inc. Declares a Cash Dividend of $0.45 per Common Share

Rhea-AI Summary

Popular, Inc. (NASDAQ: BPOP) announced a quarterly cash dividend of $0.45 per share on its common stock, payable on October 1, 2021. Shareholders must be on record by the close of business on September 10, 2021. Popular, Inc. is a leading financial institution in Puerto Rico, noted for its comprehensive banking services including retail, mortgage, and commercial banking, as well as auto leasing and investment services. The company ranks among the top 50 U.S. bank holding companies by assets.

Positive

• Quarterly dividend of $0.45 per share increases shareholder income.
• Company remains a leader in the Puerto Rican financial sector.

Negative

• None.

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 October 1, 2021 to shareholders of record at the close of business on September 10, 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.

Financial (English): P-EN-FIN

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FAQ

When is the next dividend payment for Popular, Inc. (BPOP)?

The next dividend payment for Popular, Inc. is scheduled for October 1, 2021.

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

Popular, Inc. has declared a quarterly cash dividend of $0.45 per share.

Who is eligible to receive the dividend from Popular, Inc. (BPOP)?

Shareholders of record at the close of business on September 10, 2021, will be eligible to receive the dividend.

How does the dividend payment impact shareholders of BPOP?

The dividend payment increases income for shareholders, reflecting the company's financial health.