Business
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
SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Popular, Inc. (“Popular” or the “Corporation”) (NASDAQ: BPOP) announced today that its Board of Directors has
About this update from Popular, Inc.
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 . Financial (English): P-EN-FIN View source version on businesswire.com : https://www.businesswire.com/news/home/20231115339414/en/ Popular, Inc. Investor Relations: Paul J. Cardillo , 212-417-6721 Senior Vice President and Investor Relations Officer [email protected] or Media Relations: MC González Noguera, 917-804-5253 Executive Vice President and Chief Communications & Public Affairs Officer [email protected] Source: Popular, Inc.