Popular's last quarterly dividend of $0.62 per share was on Mar 13, 2024 (ex-date). The annualized dividend payment of $2.34 per share represents a current dividend yield of 2.65%.
BPOP has a dividend yield of 2.65% 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 3.36%, Popular's dividend yield is 21% lower. The current dividend yield is less than the historical average of 3.0% 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 nine consecutive years of dividend payments. Our records of BPOP show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 6% since one year ago. But with the stock price up by 50% from a year ago, the dividend yield marks a decrease of 29%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 13, 2024 | Apr 1, 2024 | Feb 23, 2024 | $0.62 | normal |
| Dec 6, 2023 | Jan 2, 2024 | Nov 16, 2023 | $0.62 | normal |
| Sep 7, 2023 | Oct 2, 2023 | Aug 18, 2023 | $0.55 | normal |
| 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 31.1% 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 39.6%, Popular's payout ratio is 21% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| UVSP UNIVEST FINANCIAL Corp | 4.19% | $0.84 | 34.7% |
| FITB Fifth Third Bancorp | 3.76% | $1.38 | 42.7% |
| MTB M&T Bank Corp | 3.54% | $5.2 | 32.8% |
| FCBC First Community Bankshares Inc | 3.53% | $1.16 | 43.4% |
| FBP First Bancorp | 3.34% | $0.58 | 33.7% |
| BPOP Popular Inc | 2.71% | $2.34 | 31.1% |
| OFG Ofg Bancorp | 2.49% | $0.91 | 23.6% |
Yes, Popular has paid four 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 June 2024.
Popular's last dividend ex-date was on Mar 13, 2024. The dividend amount was $0.62 per share.
On an annual basis BPOP pays $2.34 per share.
The current dividend yield of Popular is 2.65%.
Popular pays four dividends per year.
The dividend payout ratio of Popular is 31.1%.
Popular's dividend yield is less than the Financial Services sector average.