Popular, Inc. (BPOP) To Go Ex-Dividend on May 29th

Popular, Inc. (NASDAQ:BPOP) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Friday, May 29th will be paid a dividend of 0.75 per share by the bank on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, May 29th.

Popular has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Popular has a dividend payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Popular to earn $16.51 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 18.2%.

Popular Price Performance

Shares of Popular stock opened at $152.12 on Wednesday. Popular has a 1 year low of $102.00 and a 1 year high of $152.97. The business has a 50-day moving average of $142.81 and a two-hundred day moving average of $132.93. The company has a market capitalization of $9.82 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.75 and a beta of 0.63.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.30 by $0.48. The business had revenue of $816.08 million during the quarter, compared to the consensus estimate of $866.54 million. Popular had a return on equity of 14.53% and a net margin of 20.10%.During the same period last year, the company earned $2.56 earnings per share. On average, equities analysts anticipate that Popular will post 15.14 EPS for the current fiscal year.

About Popular

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.