Popular Inc raises its quarterly dividend by 20% and authorizes a $1B stock repurchase program ahead of Q4.
Popular Inc (BPOP) announced a 20% increase in its quarterly dividend to $0.90 per share for Q4, up from the prior $0.75. The dividend hike remains subject to board approval.
The company last raised its dividend in early 2023, aligning with a period of steady earnings growth. Analysts had anticipated a modest increase, though the 20% jump exceeds consensus expectations.
Popular also authorized a new $1 billion common stock repurchase program, signaling confidence in its capital position and shareholder returns.