Popular, Inc. (NASDAQ:BPOP – Get Free Report) announced a quarterly dividend on Friday, October 23rd. Investors of record on Friday, November 13th will be paid a dividend of $0.90 per share by the bank on Monday, January 4th. This represents a $3.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Friday, November 13th.
Popular has increased its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Popular has a payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Popular to earn $17.35 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 20.7%.
Popular Stock Up 0.9%
Shares of Popular stock opened at $159.17 on Wednesday. The company’s fifty day simple moving average is $160.13 and its two-hundred day simple moving average is $154.24. The firm has a market cap of $10.15 billion, a PE ratio of 10.03, a price-to-earnings-growth ratio of 0.48 and a beta of 0.63. Popular has a 12-month low of $109.01 and a 12-month high of $179.24.
Popular (NASDAQ:BPOP – Get Free Report) last released its earnings results on Thursday, October 22nd. The bank reported $4.21 EPS for the quarter, beating analysts’ consensus estimates of $3.95 by $0.26. The company had revenue of $874.59 million during the quarter, compared to analysts’ expectations of $904.43 million. Popular had a return on equity of 16.08% and a net margin of 22.36%. During the same quarter last year, the business posted $3.14 EPS. As a group, sell-side analysts expect that Popular will post 16.05 earnings per share for the current fiscal year.
About Popular
Popular, Inc. is a financial holding company headquartered in San Juan, Puerto Rico. Founded in 1893, it provides banking and other financial services primarily in Puerto Rico and the U.S. mainland. Its principal subsidiary, Banco Popular de Puerto Rico, serves individuals and businesses with consumer and commercial banking, mortgage lending, and related financial services. Popular also operates Popular Bank in the mainland United States and provides auto financing through Popular Auto. Ignacio Alvarez is Popular’s president and chief executive officer.
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