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
November 16 2023 - 9:40AM
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
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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
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
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