Popular, Inc. (NASDAQ: BPOP) has declared a quarterly cash dividend of $0.62 per share on its outstanding common stock. The dividend is payable on October 1, 2024, to shareholders of record at the close of business on September 13, 2024.
In the previous period, Popular, Inc. declared a cash dividend of $0.55 per share. This represents an increase of approximately 12.7% in the cash dividend per share compared to the previous period.
Popular, Inc. 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. Its principal subsidiary, Banco Popular de Puerto Rico, provides retail, mortgage, and commercial banking services in Puerto Rico and the U.S. Virgin Islands. The company also offers auto and equipment leasing and financing, investment banking, broker-dealer, and insurance services through specialized subsidiaries.
In the mainland United States, Popular, Inc. provides retail, mortgage, and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, with branches located in New York, New Jersey, and Florida. Following these announcements, the company's shares moved 2.3%, and are now trading at a price of $99.62. For more information, read the company's full 8-K submission here.
