Popular 6.375 PFD A Shares Announce $0.1328 Monthly Dividend
Popular 6.375 PFD A shares (BPOPO) have declared a monthly dividend of $0.1328 per share, resulting in an annualized forward yield of approximately 6.35%. The dividend will be payable on November 2 to shareholders of record as of October 15, with the ex-dividend date also set for October 15. The announcement comes amid broader developments at Popular Inc., including its presentation at Barclays' Global Financial Services Conference and a mixed Q2 performance. In addition, Popular outlined an expected net interest income growth range of 8%-9% in 2026 while raising its return on tangible common equity (ROTCE) target to between 14% and 17%. These developments suggest the company is positioning itself for higher-rate environments.
Topics: dividends financial_services