Popular Inc (NASDAQ:BPOP) to Issue Quarterly Dividend of $0.30

Popular Inc (NASDAQ:BPOP) declared a quarterly dividend on Thursday, November 14th, Zacks reports. Investors of record on Thursday, December 5th will be paid a dividend of 0.30 per share by the bank on Thursday, January 2nd. This represents a $1.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of NASDAQ:BPOP opened at $55.31 on Monday. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 11.60 and a beta of 1.18. Popular has a 12-month low of $44.22 and a 12-month high of $58.99. The business’s 50 day moving average is $55.15 and its 200 day moving average is $54.30.

Popular (NASDAQ:BPOP) last announced its earnings results on Wednesday, October 23rd. The bank reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.60 by $0.10. The company had revenue of $619.70 million for the quarter, compared to analysts’ expectations of $624.80 million. Popular had a return on equity of 11.40% and a net margin of 21.47%. During the same quarter in the previous year, the firm earned $1.38 earnings per share. As a group, analysts anticipate that Popular will post 6.8 earnings per share for the current year.

In other Popular news, Director Maria Luisa Ferre sold 9,100 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $56.62, for a total value of $515,242.00. Following the sale, the director now directly owns 34,927 shares in the company, valued at $1,977,566.74. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Eduardo J. Negron sold 1,371 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $55.51, for a total value of $76,104.21. The disclosure for this sale can be found here. Insiders have sold 33,961 shares of company stock worth $1,890,377 over the last quarter. 1.33% of the stock is currently owned by corporate insiders.

A number of brokerages recently commented on BPOP. Zacks Investment Research lowered Popular from a “buy” rating to a “hold” rating in a report on Tuesday, September 24th. BidaskClub upgraded Popular from a “sell” rating to a “hold” rating in a report on Tuesday, September 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $63.00.

About Popular

Popular, Inc, through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.

See Also: Special Dividends

Dividend History for Popular (NASDAQ:BPOP)

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