An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Popular, Inc. Declares a Cash Dividend of $0.62 per Common Share, an Increase of $0.07 from its Prior Quarterly Common Stock Dividend of $0.55
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
dividends
Rhea-AI Summary
Popular, Inc. (NASDAQ: BPOP) Announces 13% Increase in Quarterly Dividend
Positive
Increase in quarterly dividend reflects strong financial performance and commitment to delivering value to shareholders
Negative
None.
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
Popular, Inc. (“Popular” or the “Corporation”) (NASDAQ: BPOP) announced today that its Board of Directors has approved a quarterly cash dividend of $0.62 per share on its outstanding common stock. The dividend will be payable on January 2, 2024 to shareholders of record at the close of business on December 7, 2023.
The $0.62 per share cash dividend represents an increase of $0.07, or approximately 13%, in the Corporation’s quarterly common stock dividend when compared to the $0.55 per share quarterly dividend declared by the Corporation during the third quarter of 2023.
“This increase in the Corporation’s quarterly common stock dividend is a testament of the strength of Popular’s financial performance and its commitment to continuing to deliver value to its shareholders,” said Ignacio Alvarez, President & Chief Executive Officer.
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
Senior Vice President and 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 quarterly cash dividend approved by Popular, Inc.?
Popular, Inc. has approved a quarterly cash dividend of $0.62 per share on its outstanding common stock.
When will the dividend be payable to shareholders?
The dividend will be payable on January 2, 2024 to shareholders of record at the close of business on December 7, 2023.
By how much has the quarterly common stock dividend increased compared to the previous quarter?
The $0.62 per share cash dividend represents an increase of $0.07, or approximately 13%, compared to the $0.55 per share quarterly dividend declared by the Corporation during the third quarter of 2023.
