Popular (BPOP) Announces Buyback, Raises Dividend

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Go back to Popular (BPOP) Announces Buyback, Raises Dividend

Popular Announces Capital Actions

July 24, 2024 6:55 AM EDT

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Popular, Inc. (the Corporation) (NASDAQ: BPOP) announced today the following capital actions:

common stock repurchases of up to $500 million; and an increase in the Corporations quarterly common stock dividend from $0.62 to $0.70 per share, commencing with the dividend payable in the first quarter of 2025, subject to the approval by the Corporations Board of Directors.

The Corporations planned common stock repurchases may be executed in open market transactions, privately negotiated transactions, block trades or any other manner determined by the... More