Popular Rewards Shareholder with 12.9% Hike in Quarterly Dividend

Zacks11-19

Popular, Inc.’s BPOP board of directors approved a sequential hike in its quarterly cash dividend. The company declared a quarterly cash dividend of 70 cents per share, reflecting a rise of 12.9% from...

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The company declared a quarterly cash dividend of 70 cents per share, reflecting a rise of 12.9% from...</p>\n\n<a href=\"https://finance.yahoo.com/news/popular-rewards-shareholder-12-9-163800560.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Popular Rewards Shareholder with 12.9% Hike in Quarterly Dividend</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPopular Rewards Shareholder with 12.9% Hike in Quarterly Dividend\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-19 00:38 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/popular-rewards-shareholder-12-9-163800560.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Popular, Inc.’s BPOP board of directors approved a sequential hike in its quarterly cash dividend. The company declared a quarterly cash dividend of 70 cents per share, reflecting a rise of 12.9% from...</p>\n\n<a href=\"https://finance.yahoo.com/news/popular-rewards-shareholder-12-9-163800560.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://finance.yahoo.com/news/popular-rewards-shareholder-12-9-163800560.html","article_id":"2484026826","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/lwmIXOgdSWf2YiICdC_kLQ--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/d3e6082245f05efd98282f79c39d114d"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484026826","pubTimestamp":1731947880,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Popular, Inc.’s BPOP board of directors approved a sequential hike in its quarterly cash dividend. The company declared a quarterly cash dividend of 70 cents per share, reflecting a rise of 12.9% from the prior payout. The dividend will be paid out on Jan. 2, 2025, to shareholders of record as of Dec. 6, 2024.Prior to this, Popular hiked its dividend by 12.7% to 62 cents per share in November 2023. We believe that such disbursements highlight its operational strength and commitment to enhancing shareholders’ wealth.Considering the last day’s closing price of $96.09, BPOP’s current dividend yield is 2.58%. Along with attracting investors, it represents a steady income stream. Also, the yield is significantly impressive compared with the industry’s average of 2.3%.Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free repor","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","CHCO":"City Holding Company","OZK":"欧扎克银行","BPOP":"大众银行"},"translate_title":"受欢迎的奖励股东季度股息增加12.9%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BPOP":1,"CHCO":1,"OZK":1},"content_text":"Popular, Inc.’s BPOP board of directors approved a sequential hike in its quarterly cash dividend. The company declared a quarterly cash dividend of 70 cents per share, reflecting a rise of 12.9% from the prior payout. The dividend will be paid out on Jan. 2, 2025, to shareholders of record as of Dec. 6, 2024.\nPrior to this, Popular hiked its dividend by 12.7% to 62 cents per share in November 2023. We believe that such disbursements highlight its operational strength and commitment to enhancing shareholders’ wealth.\nConsidering the last day’s closing price of $96.09, BPOP’s current dividend yield is 2.58%. Along with attracting investors, it represents a steady income stream. Also, the yield is significantly impressive compared with the industry’s average of 2.3%.\nBPOP’s Share Repurchase Program\nPopular has an ongoing share repurchase program, too. On July 24, 2024, the corporation announced the authorization for a common stock repurchase of up to $500 million. In the quarter ended Sept. 30, 2024, the corporation completed the repurchase of 599,096 shares of common stock for $58.8 million at an average price of $98.11 per share under the $500-million plan.  As of Sept. 30, 2024, $441 million has been available under the authorization.\nSustainability of Popular's Capital Distributions\nBPOP enjoys a decent balance sheet position. As of Sept. 30, 2024, cash and due from banks and money market investments were $6.9 billion, while other liabilities were only $890 million. \nFurther, at the end of the third quarter of 2024, its Common Equity Tier 1 ratio was 16.42%.\nPopular witnessed earnings growth of 11.2% in the past three to five years, higher than the industry’s average of 7.3%. Also, earnings are expected to increase 3.6% this year and 23.8% in 2025.\nGiven its decent capital and liquidity positions,  BPOP is expected to sustain its current capital distribution activities and enhance shareholder value.\nShares of this Zacks Rank #3 (Hold) bank have rallied 36.6% over the past six months, underperforming the industry’s 50.2% growth. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.\nImage Source: Zacks Investment Research\nOther Stocks Announcing Dividend Hikes\nIn October 2024, Bank OZK OZK announced a quarterly cash dividend of 41 cents per share, an increase of 2.5% from the prior payout. The dividend was paid out on Oct. 18, 2024, to shareholders of record as of Oct. 11.\nPrior to this, OZK increased its dividend by 2.6% to 40 cents per share in July 2024. \nIn September 2024, City Holding Co. CHCO announced a quarterly cash dividend of 79 cents per share, a 10.5% hike from the prior payout. The dividend was out on Oct. 31, 2024, to shareholders of record as of Oct. 15.\nBefore the latest hike, CHCO increased its dividend by 10% to 71.5 cents per share in September 2023.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nPopular, Inc. (BPOP) : Free Stock Analysis Report\nCity Holding Company (CHCO) : Free Stock Analysis Report\nBank OZK (OZK) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2484026826"}