First BanCorp Announces a 13% Increase in Quarterly Cash Dividend on Common Stock to $0.18 Per Share
First BanCorp (NYSE: FBP) has announced a 13% increase in its quarterly cash dividend to $0.18 per share, representing a $0.02 increase from the previous dividend paid in December 2024. The dividend will be payable on March 7, 2025, to shareholders of record as of February 21, 2025.
The increased dividend equates to an annualized dividend rate of $0.72 per common share. President and CEO Aurelio Alemán emphasized that this increase, along with their share buyback program, demonstrates their commitment to maximizing shareholder value, supported by consistent long-term performance, strong capital position, and positive future outlook.
First BanCorp (NYSE: FBP) ha annunciato un aumento del 13% del suo dividendo in contante trimestrale a 0,18 $ per azione, che rappresenta un aumento di 0,02 $ rispetto al dividendo precedente pagato a dicembre 2024. Il dividendo sarà pagabile il 7 marzo 2025, agli azionisti registrati al 21 febbraio 2025.
Il dividendo aumentato corrisponde a un tasso di dividendo annualizzato di 0,72 $ per azione ordinaria. Il presidente e CEO Aurelio Alemán ha enfatizzato che questo aumento, insieme al loro programma di riacquisto di azioni, dimostra il loro impegno a massimizzare il valore per gli azionisti, supportato da una performance coerente a lungo termine, una solida posizione di capitale e una prospettiva futura positiva.
First BanCorp (NYSE: FBP) ha anunciado un aumento del 13% en su dividendo en efectivo trimestral a 0,18 $ por acción, lo que representa un aumento de 0,02 $ respecto al dividendo anterior pagado en diciembre de 2024. El dividendo se pagará el 7 de marzo de 2025 a los accionistas registrados al 21 de febrero de 2025.
El aumento del dividendo equivale a un tasa de dividendo anualizada de 0,72 $ por acción común. El presidente y CEO Aurelio Alemán enfatizó que este aumento, junto con su programa de recompra de acciones, demuestra su compromiso de maximizar el valor para los accionistas, respaldado por un rendimiento constante a largo plazo, una sólida posición de capital y una perspectiva futura positiva.
퍼스트 뱅콥 (NYSE: FBP)는 분기별 현금 배당금을 13% 인상하여 주당 0.18 달러로 설정했다고 발표했습니다. 이는 2024년 12월에 지급된 이전 배당금에서 0.02 달러 인상된 것입니다. 배당금은 2025년 3월 7일에 지급되며, 2025년 2월 21일 기준의 주주에게 지급됩니다.
인상된 배당금은 보통주당 연간 배당률 0.72 달러에 해당합니다. 사장 겸 CEO 아우렐리오 알레만은 이번 인상과 자사주 매입 프로그램이 주주 가치를 극대화하겠다는 의지를 보여주며, 일관된 장기 성과, 강력한 자본 위치 및 긍정적인 미래 전망에 의해 뒷받침된다고 강조했습니다.
First BanCorp (NYSE: FBP) a annoncé une augmentation de 13% de son dividende trimestriel en espèces à 0,18 $ par action, représentant une hausse de 0,02 $ par rapport au dividende précédent versé en décembre 2024. Le dividende sera payable le 7 mars 2025 aux actionnaires enregistrés en date du 21 février 2025.
Le dividende augmenté équivaut à un taux de dividende annualisé de 0,72 $ par action ordinaire. Le président et CEO Aurelio Alemán a souligné que cette augmentation, ainsi que leur programme de rachat d'actions, témoigne de leur engagement à maximiser la valeur pour les actionnaires, soutenu par une performance solide à long terme, une position de capital forte et une perspective d'avenir positive.
First BanCorp (NYSE: FBP) hat eine 13%ige Erhöhung seiner vierteljährlichen Bardividende auf 0,18 $ pro Aktie angekündigt, was eine Erhöhung um 0,02 $ gegenüber der letzten Dividende im Dezember 2024 darstellt. Die Dividende wird am 7. März 2025 an die Aktionäre ausgezahlt, die am 21. Februar 2025 im Aktienregister stehen.
Die erhöhte Dividende entspricht einem annualisierten Dividendenbetrag von 0,72 $ pro Stammaktie. Präsident und CEO Aurelio Alemán betonte, dass diese Erhöhung, zusammen mit ihrem Rückkaufprogramm für Aktien, ihr Engagement für die Maximierung des Aktionärswerts demonstriert, unterstützt durch eine konsistente langfristige Leistung, eine starke Kapitalposition und eine positive Zukunftsperspektive.
- 13% increase in quarterly dividend from $0.16 to $0.18 per share
- Annualized dividend rate increased to $0.72 per share
- Active share buyback program in place
- Strong capital position reported
- None.
“We are pleased to announce another increase to our common stock dividend. This, combined with our share buyback program, underscores our unwavering commitment to maximizing shareholder value. These actions are supported by our consistent long-term performance, strong capital position, and positive future outlook,” said Aurelio Alemán, President and CEO of the Corporation.
The increased quarterly dividend level equates to an annualized dividend rate of
About First BanCorp.
First BanCorp. is the parent corporation of FirstBank Puerto Rico, a state-chartered commercial bank with operations in
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This press release may contain “forward-looking statements” concerning the Corporation. The words or phrases “expect,” “anticipate,” “intend,” “look forward,” “should,” “would,” “believes” and similar expressions are meant to identify “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created by such sections. Such forward-looking statements include, but are not limited to, statements regarding the Corporation’s ability to pay dividends on the Corporation’s Common Stock in any future periods. Forward-looking statements involve known and unknown risks, uncertainties and contingencies that may cause actual results to differ materially from the expectations expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to the factors described in the Corporation’s most recent Annual Report on Form 10-K, in its Quarterly Reports on Form 10-Q and in our other filings with the Securities and Exchange Commission. The Corporation undertakes no obligation to update any “forward-looking statements” to reflect occurrences or unanticipated events or circumstances after the date of such statements, except as required by securities laws.
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First BanCorp.
Ramon Rodríguez
Senior Vice President
Corporate Strategy and Investor Relations
(787) 729-8200 Ext. 82179
ramon.rodriguez@firstbankpr.com
Source: First BanCorp.
FAQ
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