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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 outstanding common stock. This dividend will be payable on October 3, 2022, to shareholders of record as of September 7, 2022. As the leading financial institution in Puerto Rico by both assets and deposits, Popular offers a range of services, including retail, mortgage, and commercial banking, alongside investment and insurance services.
Positive
Quarterly cash dividend of $0.55 per share reinforces shareholder value.
Dividend payment scheduled for October 3, 2022, indicates company confidence.
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 October 3, 2022 to shareholders of record at the close of business on September 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.
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 for Popular, Inc. (BPOP)?
The declared quarterly cash dividend for Popular, Inc. (BPOP) is $0.55 per share.
When will the dividend for BPOP be paid?
The dividend will be paid on October 3, 2022.
What is the record date for the BPOP dividend?
The record date for the dividend is September 7, 2022.
How often does Popular, Inc. (BPOP) pay dividends?
Popular, Inc. typically pays quarterly dividends.
Is the dividend for BPOP sustainable?
The sustainability of BPOP's dividend can be further assessed through their financial performance and earnings reports.
