Popular, Inc. (NASDAQ:BPOP) will begin trading ex-dividend on December 10, 2020. The quarterly dividend payment of $ 0.40 per share is scheduled to be paid on January 4, 2021. The dividend yield based on the latest trading day closing price was 3.10 percent. Shareholders who purchased BPOP shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Popular, Inc. recently reported third quarter financial results on October 28, 2020, before market open, the Hato Rey based company reported income for the third quarter of $ 2.00 per share, from the revenue of $ 461.02 million. The quarterly earnings hiked 17.65 percent while revenues lowered 3.35 percent compared with the same quarter last year.
According to street consensus, BPOP was expected to report 3Q20 income of $ 1.20 per share from revenue of $ 465.75 million. The bottom line results beat street analysts by $ 0.8 or 66.67 percent, at the same time, top line results fell short of analysts by $ 4.73 million or 1.02 percent.
Stock Performance
Shares of Popular, Inc. traded low $ -0.25 or -0.48 percent on Tuesday, reaching $ 51.68 with volume of 322.70 thousand shares. Popular, Inc. has traded high as $ 52.12 and has cracked $ 50.67 on the downward trend
According to the previous trading day, closing price of $ 51.68, representing a 119.21 % increase from the 52 week low of $ 23.69 and a 15.51 % decrease over the 52 week high of $ 61.46.
The company has a market capital of $ 4.35 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Popular, Inc., through its subsidiaries, provides various retail, mortgage, and commercial banking products and services. The company accepts various deposit products. It also offers commercial and industrial loans; commercial real estate loans; residential mortgage loans; consumer loans, including personal loans, credit cards, automobile loans, home equity lines of credit, and other loans to individual borrowers; construction loans; and lease financing comprising automobile loans/leases.
