Popular, Inc. Declares $0.62 Quarterly Dividend

Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.62 per share on its outstanding common stock. The dividend will be payable on April 1, 2024, to shareholders of record as of the close of business on March 14, 2024.

  • The leading financial institution in Puerto Rico, Popular, Inc. is ranked among the top 50 U.S. bank holding companies by assets.
  • Its principal subsidiary, Banco Popular de Puerto Rico, provides retail, mortgage, and commercial banking services in Puerto Rico and the U.S. Virgin Islands.
  • Popular also offers 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, with branches in New York, New Jersey, and Florida.

The market has reacted to these announcements by moving the company's shares -0.5% to a price of $83.09. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.

IN FOCUS