First BanCorp. Increases Quarterly Dividend by 25% to $0.25 Per Share
First BanCorp. (FBP) has announced a significant increase in its quarterly dividend, raising the payout from $0.20 to $0.25 per share. This represents a 25% increase for shareholders, reflecting the company's current capital position and commitment to returning value to investors. The new dividend carries a forward yield of approximately 3.66%. Shareholders of record as of November 27 will be eligible to receive the payment on December 11. This move comes amidst discussions regarding the company's strong operational performance, though analysts note that recent stock price appreciation has led to valuation concerns regarding future upside.
Tickers: $FBP
Topics: dividend increase quarterly dividend shareholder distribution