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Popular, Inc. Declares a Cash Dividend of $0.55 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 $0.55 per share on its common stock. This dividend will be payable on April 3, 2023, to shareholders of record as of March 20, 2023. As the leading financial institution in Puerto Rico, Popular provides various banking services and ranks among the top 50 U.S. bank holding companies by assets, serving both Puerto Rico and the U.S. Virgin Islands.
Positive
Quarterly cash dividend of $0.55 per share indicates strong financial health.
Dividend payment reflects company confidence and positive cash flow.
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 $0.55 per share on its outstanding common stock. The dividend will be payable on April 3, 2023 to shareholders of record at the close of business on March 20, 2023.
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 for Popular, Inc. (BPOP)?
The dividend amount for Popular, Inc. (BPOP) is $0.55 per share.
When will Popular, Inc. (BPOP) pay the dividend?
The dividend will be payable on April 3, 2023.
What is the record date for the dividend of Popular, Inc. (BPOP)?
The record date for the dividend is March 20, 2023.
How often does Popular, Inc. (BPOP) pay dividends?
Popular, Inc. typically pays dividends quarterly.
Is the dividend from Popular, Inc. (BPOP) sustainable?
The sustainability of the dividend can be evaluated based on the company's financial performance and cash flow.
