Popular, Inc. (NASDAQ:BPOP) Announces Quarterly Dividend of $0.75

Popular, Inc. (NASDAQ:BPOP) declared a quarterly dividend on Thursday, February 26th. Investors of record on Wednesday, March 18th will be given a dividend of 0.75 per share by the bank on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Wednesday, March 18th.

Popular has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Popular has a dividend payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Popular to earn $11.73 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 25.6%.

Popular Trading Down 6.0%

Shares of NASDAQ BPOP traded down $8.58 during midday trading on Friday, hitting $133.93. 182,840 shares of the company’s stock were exchanged, compared to its average volume of 571,671. Popular has a 12-month low of $78.23 and a 12-month high of $149.31. The company has a market cap of $8.93 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 0.88 and a beta of 0.63. The business’s fifty day moving average price is $133.31 and its two-hundred day moving average price is $124.43.

Popular (NASDAQ:BPOP) last posted its quarterly earnings data on Tuesday, January 27th. The bank reported $3.38 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.36. Popular had a net margin of 18.75% and a return on equity of 13.87%. The firm had revenue of $806.59 million for the quarter, compared to analysts’ expectations of $811.55 million. During the same quarter last year, the company posted $2.51 EPS. Equities analysts expect that Popular will post 10.06 earnings per share for the current fiscal year.

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.