Popular, Inc. (BPOP) to Distribute Quarterly Dividend of $0.90 on January 4th

Popular, Inc. (NASDAQ:BPOP) announced a quarterly dividend on Friday, October 23rd. Investors of record on Friday, November 13th will be given 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 is Friday, November 13th.

Popular has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 6 years. Popular has a payout ratio of 29.2% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of BPOP stock opened at $159.17 on Wednesday. The firm has a market capitalization of $10.15 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 0.48 and a beta of 0.63. Popular has a one year low of $109.01 and a one year high of $179.24. The company has a 50 day moving average price of $160.13 and a 200 day moving average price of $154.24.

Popular (NASDAQ:BPOP) last announced its quarterly earnings results on Thursday, October 22nd. The bank reported $4.21 earnings per share for the quarter, beating analysts’ consensus estimates of $3.95 by $0.26. The company had revenue of $874.59 million for the quarter, compared to analyst estimates of $904.43 million. Popular had a net margin of 22.36% and a return on equity of 16.08%. During the same quarter last year, the business earned $3.14 EPS. As a group, equities analysts forecast that Popular will post 16.05 EPS for the current fiscal year.

Popular Company Profile

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.