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

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

Popular has increased 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 dividend payout ratio of 24.3% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Popular stock opened at $152.12 on Wednesday. Popular has a 52 week low of $102.00 and a 52 week high of $152.97. The stock has a market capitalization of $9.82 billion, a P/E ratio of 11.23, a PEG ratio of 0.75 and a beta of 0.63. The stock has a 50-day simple moving average of $142.81 and a 200 day simple moving average of $132.93.

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