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. This dividend will be payable on January 3, 2023 to shareholders who are on record as of the close of business on December 7, 2022.

As the leading financial institution in Puerto Rico, Popular, Inc. boasts significant assets and ranks among the top 50 U.S. bank holding companies. Founded in 1893, it provides a wide range of banking services.

Positive

• Declared a quarterly cash dividend of $0.55 per share, demonstrating financial strength and commitment to returning value to shareholders.

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• 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 January 3, 2023 to shareholders of record at the close of business on December 7, 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/20221114005978/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 Q4 2022?

The declared dividend amount is $0.55 per share.

When will the dividend be paid to shareholders of Popular, Inc.?

The dividend will be paid on January 3, 2023.

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

The record date for the dividend payment is December 7, 2022.

How does the dividend affect shareholders of Popular, Inc.?

The dividend reflects the company's financial stability and commitment to returning capital to shareholders.