Popular Inc Announces Quarterly Dividend of $0.25 (BPOP)

Popular Inc (NASDAQ:BPOP) declared a quarterly dividend on Monday, February 26th, Wall Street Journal reports. Investors of record on Friday, March 16th will be paid a dividend of 0.25 per share by the bank on Monday, April 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, March 15th.

Popular (NASDAQ:BPOP) opened at $44.40 on Wednesday. The stock has a market cap of $4,538.55, a PE ratio of 43.96 and a beta of 1.10. Popular has a 12-month low of $32.04 and a 12-month high of $46.83.

Popular (NASDAQ:BPOP) last announced its earnings results on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.22. The firm had revenue of $473.35 million during the quarter. Popular had a net margin of 4.89% and a return on equity of 5.29%. sell-side analysts expect that Popular will post 3.89 earnings per share for the current year.

A hedge fund recently raised its stake in Popular stock. The Manufacturers Life Insurance Company raised its position in shares of Popular Inc (NASDAQ:BPOP) by 7.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,980 shares of the bank’s stock after buying an additional 200 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Popular were worth $124,000 at the end of the most recent quarter. 91.58% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts recently issued reports on the stock. BTIG Research reiterated a “buy” rating on shares of Popular in a research report on Tuesday, January 23rd. BidaskClub upgraded shares of Popular from a “hold” rating to a “buy” rating in a research report on Friday, February 23rd. Zacks Investment Research lowered shares of Popular from a “buy” rating to a “hold” rating in a research report on Friday, February 16th. Citigroup began coverage on shares of Popular in a research report on Thursday, December 21st. They set a “buy” rating and a $47.00 price objective for the company. Finally, Sandler O’Neill set a $48.00 price objective on shares of Popular and gave the company a “buy” rating in a research report on Thursday, February 15th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $48.31.

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About Popular

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.

Dividend History for Popular (NASDAQ:BPOP)

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