Welcome to our dedicated page for Popular news (Ticker: BPOP), a resource for investors and traders seeking the latest updates and insights on Popular stock.
Popular, Inc. reports developments as a Puerto Rico-based financial holding company whose principal banking subsidiary is Banco Popular de Puerto Rico. The company provides retail, mortgage and commercial banking in Puerto Rico and the U.S. and British Virgin Islands, auto and equipment leasing and financing in Puerto Rico, and broker-dealer and insurance services through specialized subsidiaries.
Recurring BPOP news includes quarterly financial results, loan and credit quality trends, common stock dividends, preferred stock dividends, trust preferred securities distributions, executive leadership changes and investor conference participation. Updates also cover Popular Bank, the company’s New York-chartered mainland U.S. banking subsidiary with branches in New York, New Jersey and Florida.
Popular, Inc. (NASDAQ: BPOP) has announced significant capital actions, demonstrating its strong financial position. The plans to repurchase up to $500 million of common stock through various methods, including open market transactions and block trades. Additionally, Popular will increase its quarterly common stock dividend from $0.62 to $0.70 per share, effective from the first quarter of 2025, subject to board approval.
These capital actions reflect Popular's robust capital position and its commitment to balancing customer needs with shareholder returns. CEO Ignacio Alvarez emphasized that these moves allow the company to continue serving customers while prudently increasing dividends and returning capital to shareholders. The timing, quantity, and price of stock repurchases will be influenced by market conditions, capital position, financial performance, and regulatory considerations.
Popular has declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, Series A, payable on July 31, 2024, to holders of record as of July 15, 2024.
The company also announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, payable on August 1, 2024, to holders of record as of July 15, 2024.
Popular, Inc. (NASDAQ:BPOP) will release its Q2 financial results for the period ending June 30, 2024, on July 24, 2024, before the market opens. The company will also hold a conference call at 11:00 a.m. ET the same day to discuss these results. The call will be streamed live on Popular's investor relations website, and a replay will be available until August 23, 2024. Popular, Inc. is a leading financial institution in Puerto Rico and among the top 50 U.S. bank holding companies.
Popular announced a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on July 1, 2024 to holders of record as of June 15, 2024.
Additionally, the company declared a monthly distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, also payable on July 1, 2024 to holders of record as of June 15, 2024.
Popular, Inc. (NASDAQ:BPOP) announced the appointment of Javier D. Ferrer as President and Chief Operating Officer. Ferrer will continue reporting to Popular's CEO and oversee all business units in Puerto Rico, mainland US, and the Virgin Islands. He will also lead Popular's strategic planning and data analytics functions, effective May 9, 2024.
Popular, Inc. (NASDAQ: BPOP) declared a quarterly cash dividend of $0.62 per share on its outstanding common stock. The dividend will be payable on July 1, 2024 to shareholders of record at the close of business on May 30, 2024.
Popular, Inc. (NASDAQ: BPOP) declared a monthly cash dividend and distribution on its preferred stock and trust preferred securities. The dividend on the Non-Cumulative Monthly Income Preferred Stock is $0.132813 per share, while the distribution on the Trust Preferred Securities is $0.127604 per security.
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