Popular, Inc. , Approves A Quarterly Cash Dividend, Payable on January 2, 2024
November 16, 2023 at 09:51 am EST
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Popular, Inc. approved a quarterly cash dividend of $0.62 per share on its outstanding common stock, an increase of $0.07 from its prior quarterly common stock dividend of $0.55. The dividend will be payable on January 2, 2024 to shareholders of record at the close of business on December 7, 2023.
Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean. The Company's BPPR segment provides retail, mortgage and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.