First Bancorp. (FBP) Raises Quarterly Dividend 16.7% to $0.14; 4% Yield

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Go back to First Bancorp. (FBP) Raises Quarterly Dividend 16.7% to $0.14; 4% Yield

First BanCorp Declares Quarterly Cash Dividend on Common Stock and Increases Regular Quarterly Cash Dividend by 17% to $0.14 Per Share

February 9, 2023 4:57 PM EST

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- First BanCorp. (the Corporation) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.14 per share, which represents an increase of 17% or $0.02 per common share compared to its most recent dividend paid in December 2022. The dividend is payable on March 10, 2023 to shareholders of record at the close of business on February 24, 2023.

We continue to execute on our capital allocation strategy by investing in our core franchise, our people and our communities, while continuing to... More