Popular raises dividend, approves $500 million stock buyback program

Popular, Inc. (NASDAQ: BPOP) announced two capital actions including a quarterly dividend increase and a new share repurchase program.

The Puerto Rico-based financial institution will raise its quarterly common stock dividend from $0.70 to $0.75 per share, beginning with the fourth quarter 2025 payment, subject to board approval.

The company also approved a new $500 million common stock repurchase program. This program supplements the existing $500 million repurchase program announced in July 2024, which had approximately $32.8 million remaining as of July 15, 2025.

The repurchases may occur through open market transactions, privately negotiated deals, block trades or other methods determined by the company. The timing, quantity and pricing will depend on market conditions, capital position, financial performance, strategic initiatives and regulatory considerations.

"Our capital actions, which include both an increased dividend and a new share repurchase program, reflect the strength of our capital position," said Javier D. Ferrer, President and Chief Executive Officer. "We are confident in our capacity to deliver sustainable returns to shareholders while continuing to invest in our franchise and support our clients and communities."

The share repurchase program does not require the company to acquire a specific dollar amount or number of shares and may be modified, suspended or terminated without prior notice.

Popular ranks as the leading financial institution by assets and deposits in Puerto Rico and among the top 50 U.S. bank holding companies by assets. Founded in 1893, the company provides retail, mortgage and commercial banking services in Puerto Rico, the U.S. and British Virgin Islands, and the mainland United States through subsidiaries.

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