Popular, Inc. (BPOP) to Issue Quarterly Dividend of $0.75 on April 1st

Popular, Inc. (NASDAQ:BPOP) declared a quarterly dividend on Thursday, February 26th. Investors of record on Wednesday, March 18th will be paid 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 of this dividend is Wednesday, March 18th.

Popular has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 6 years. Popular has a payout ratio of 24.3% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Down 5.0%

NASDAQ:BPOP opened at $135.36 on Friday. Popular has a 52 week low of $78.23 and a 52 week high of $149.31. The company has a market capitalization of $9.03 billion, a P/E ratio of 10.99, a P/E/G ratio of 0.88 and a beta of 0.63. The stock’s fifty day moving average is $133.52 and its two-hundred day moving average is $124.57.

Popular (NASDAQ:BPOP) last released its quarterly earnings results on Tuesday, January 27th. The bank reported $3.38 earnings per share for the quarter, topping analysts’ consensus estimates of $3.02 by $0.36. The business had revenue of $806.59 million during the quarter, compared to analysts’ expectations of $811.55 million. Popular had a return on equity of 13.87% and a net margin of 18.75%.During the same period in the prior year, the business posted $2.51 EPS. Sell-side analysts anticipate 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.