Popular Inc (NASDAQ:BPOP) declared a quarterly dividend on Monday, February 26th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, March 15th.
Popular (NASDAQ:BPOP) opened at $44.40 on Wednesday. The stock has a market capitalization of $4,538.55, a PE ratio of 43.96 and a beta of 1.10. Popular has a 52-week low of $32.04 and a 52-week high of $46.83.
Popular (NASDAQ:BPOP) last posted its quarterly earnings results on Tuesday, January 23rd. The bank reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.22. The firm had revenue of $473.35 million during the quarter. Popular had a return on equity of 5.29% and a net margin of 4.89%. analysts predict 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 increased its holdings in Popular Inc (NASDAQ:BPOP) by 7.2% in the 2nd quarter, according to its most recent filing with the SEC. 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 reporting period. 91.58% of the stock is owned by institutional investors and hedge funds.
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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.
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