Popular's last quarterly dividend of $0.55 per share was on May 31, 2023 (ex-date). The annualized dividend payment of $2.2 per share represents a current dividend yield of 3.85%.
BPOP has a dividend yield of 3.85% which is lower than the Financial Services sector, the industry and its peers average. But if we consider the Financial Services sector average of 3.91%, Popular's dividend yield is only 1.5% lower. The current dividend yield is more than the historical average of 2.8% of the last 5 years.
Popular has a dividend history dating as far as 1994, but when it comes to recent years the company has recorded eight consecutive years of dividend payments. Our records of BPOP show that the company has issued five quarterly dividends in the last twelve months. The annualized DPS marks an increase of 16% since one year ago. And with the stock price down by 30% from a year ago, the dividend yield marks an increase of 66%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 31, 2023 | Jul 3, 2023 | May 11, 2023 | $0.55 | normal |
| Mar 17, 2023 | Apr 3, 2023 | Feb 28, 2023 | $0.55 | normal |
| Dec 6, 2022 | Jan 3, 2023 | Nov 16, 2022 | $0.55 | normal |
| Sep 6, 2022 | Oct 3, 2022 | Aug 17, 2022 | $0.55 | normal |
| Jun 1, 2022 | Jul 1, 2022 | May 12, 2022 | $0.55 | normal |
| Mar 14, 2022 | Apr 1, 2022 | Feb 23, 2022 | $0.55 | normal |
| Dec 6, 2021 | Jan 3, 2022 | Nov 16, 2021 | $0.45 | normal |
| Sep 9, 2021 | Oct 1, 2021 | Aug 20, 2021 | $0.45 | normal |
| May 25, 2021 | Jul 1, 2021 | May 6, 2021 | $0.45 | normal |
| Mar 17, 2021 | Apr 1, 2021 | Feb 26, 2021 | $0.4 | normal |
| Dec 10, 2020 | Jan 4, 2021 | Nov 19, 2020 | $0.4 | normal |
| Sep 4, 2020 | Oct 1, 2020 | Aug 18, 2020 | $0.4 | normal |
| Jun 1, 2020 | Jul 1, 2020 | May 12, 2020 | $0.4 | normal |
| Mar 18, 2020 | Apr 1, 2020 | Feb 28, 2020 | $0.4 | normal |
| Dec 4, 2019 | Jan 2, 2020 | Nov 14, 2019 | $0.3 | normal |
| Sep 12, 2019 | Oct 1, 2019 | Aug 23, 2019 | $0.3 | normal |
| May 24, 2019 | Jul 1, 2019 | May 7, 2019 | $0.3 | normal |
| Mar 7, 2019 | Apr 1, 2019 | Feb 15, 2019 | $0.3 | normal |
| Dec 4, 2018 | Jan 2, 2019 | Nov 14, 2018 | $0.25 | normal |
| Sep 12, 2018 | Oct 1, 2018 | Aug 23, 2018 | $0.25 | normal |
| May 25, 2018 | Jul 2, 2018 | May 8, 2018 | $0.25 | normal |
| Mar 15, 2018 | Apr 2, 2018 | Feb 23, 2018 | $0.25 | normal |
| Dec 4, 2017 | Jan 2, 2018 | Nov 14, 2017 | $0.25 | normal |
| Sep 13, 2017 | Oct 2, 2017 | Aug 24, 2017 | $0.25 | normal |
| Jun 7, 2017 | Jul 3, 2017 | May 19, 2017 | $0.25 | normal |
| Mar 15, 2017 | Apr 3, 2017 | Jan 24, 2017 | $0.25 | normal |
| Dec 7, 2016 | Jan 2, 2017 | Nov 22, 2016 | $0.15 | normal |
| Sep 7, 2016 | Oct 3, 2016 | Aug 19, 2016 | $0.15 | normal |
| Jun 8, 2016 | Jul 1, 2016 | May 20, 2016 | $0.15 | normal |
| Mar 9, 2016 | Apr 1, 2016 | Feb 19, 2016 | $0.15 | normal |
BPOP has a payout ratio of 15.4% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 32.1%, Popular's payout ratio is 52% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FITB Fifth Third Bancorp | 5.32% | $1.29 | 37.3% |
| UVSP UNIVEST FINANCIAL Corp | 4.74% | $0.84 | 31.2% |
| FBP First Bancorp | 4.66% | $0.52 | 33.1% |
| FCBC First Community Bankshares Inc | 4.35% | $1.16 | 38.8% |
| MTB M&T Bank Corp | 4.2% | $5 | 38.3% |
| BPOP Popular Inc | 3.85% | $2.2 | 15.4% |
| OFG Ofg Bancorp | 3.17% | $0.77 | 21% |
Yes, Popular has paid five dividends in the last 12 months. BPOP has been paying dividends since 2015.
Currently BPOP's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in August 2023.
Popular's last dividend ex-date was on May 31, 2023. The dividend amount was $0.55 per share.
On an annual basis BPOP pays $2.2 per share.
The current dividend yield of Popular is 3.85%.
Popular pays four dividends per year.
The dividend payout ratio of Popular is 15.4%.
Popular's dividend yield is in line with the Financial Services sector average.