Popular, Inc. (NASDAQ:BPOP – Get Free Report) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Thursday, September 10th will be paid a dividend of 0.90 per share by the bank on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 20.0% increase from Popular’s previous quarterly dividend of $0.75.
Popular has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Popular has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Popular to earn $17.13 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 21.0%.
Popular Stock Performance
Shares of BPOP stock opened at $171.32 on Tuesday. The stock has a market cap of $10.93 billion, a P/E ratio of 11.58, a price-to-earnings-growth ratio of 0.66 and a beta of 0.60. Popular has a 1 year low of $108.74 and a 1 year high of $179.24. The stock has a 50 day simple moving average of $171.56 and a 200 day simple moving average of $154.62.
Popular Company Profile
Popular, Inc, headquartered in San Juan, Puerto Rico, is a financial holding company and a leading provider of banking services in the United States mainland and Puerto Rico. Through its primary subsidiaries—Banco Popular de Puerto Rico and Popular Bank—the company delivers comprehensive commercial and consumer banking solutions. It offers deposit products, lending facilities, cash management services and payment-processing solutions designed for individuals, small businesses and large corporations.
The company’s product suite encompasses checking and savings accounts, certificates of deposit, residential and commercial mortgage loans, business lines of credit and credit cards.
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