Popular Declares Cash Dividend of $0.15 per Common Share
SAN JUAN – Puerto Rico-based Popular Inc. announced Friday that its board has approved a quarterly cash dividend of $0.15 per share on its outstanding common stock. The dividend will be payable on April 1 to shareholders of record at the close of business on March 11.
Popular is the leading banking institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. banks by assets. It provides retail, mortgage and commercial banking services through its principal banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular has a community-banking franchise with branches in New York, New Jersey and Florida under the name of Popular Community Bank.
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