Popular, Inc. Declares a Cash Dividend of $0.55 Per Common Share

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 1, 2022, to shareholders recorded by the close of business on March 15, 2022. As the leading financial institution in Puerto Rico regarding assets and deposits, Popular also ranks among the top 50 U.S. bank holding companies. Founded in 1893, the company offers a range of banking services through its principal subsidiary, Banco Popular de Puerto Rico, and has operations in the U.S. mainland via Popular Bank.

Positive

• Declaring a cash dividend of $0.55 per share reflects company confidence.
• Payment scheduled for April 1, 2022, supports shareholder income.

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 1, 2022 to shareholders of record at the close of business on March 15, 2022.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223005872/en/

Popular, Inc.



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. for April 2022?

The dividend amount declared is $0.55 per share.

When will Popular, Inc. pay its dividend?

The dividend will be paid on April 1, 2022.

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

The record date for the dividend payment is March 15, 2022.

Is the dividend from Popular, Inc. sustainable?

The sustainability of the dividend depends on the company's financial health and profitability.