BPOP Announces Dividend of $0.62

Popular, Inc. announced on February 23, 2024, that its board of directors has declared a regular quarterly dividend of $0.62 per share ($2.48 annualized). This marks a consistent payout compared to the previous quarter. Shareholders must purchase shares before the ex-dividend date of March 13, 2024, to be eligible for the dividend, with payments scheduled for April 1, 2024.

With the current share price at $82.56, the stock’s dividend yield stands at 3.00%. Looking back over the past five years, the average dividend yield has been 2.93%, with a low of 1.96% and a high of 6.04%. The company’s dividend payout ratio is 0.33, indicating a healthy balance between dividend payments and retained earnings for growth.

In terms of fund sentiment, there are 700 funds or institutions reporting positions in Popular, representing a 2.79% increase in the last quarter. The average portfolio weight dedicated to Popular is 0.40%, with a bullish put/call ratio of 0.34.

Analyst price forecasts suggest a 23.08% upside potential for Popular, with an average one-year price target of $101.62. The company’s projected annual revenue is expected to decrease by 5.81%, with a non-GAAP EPS of 11.23.

In terms of shareholder activity, Price T Rowe Associates and other major institutions have adjusted their holdings in Popular, with some increasing and others decreasing their positions over the last quarter.

Popular, Inc. is a leading financial institution in Puerto Rico and the U.S., offering a range of banking and financial services. With a history dating back to 1893, the company continues to demonstrate stability and growth in its dividend payments and shareholder sentiment.