IREN proposes $875 million convertible notes offering due 2031
SAN JUAN - Popular, Inc. (NASDAQ:BPOP), currently valued at $8.4 billion by market capitalization, announced Friday it has declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on October 31, 2025, to shareholders of record as of October 15, 2025. The company has maintained dividend payments for 11 consecutive years, with a current common stock dividend yield of 2.41%.
The financial institution also announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II. This payment will be made on November 3, 2025, to holders of record as of October 15, 2025. According to InvestingPro, Popular has raised its dividend for six consecutive years, demonstrating strong commitment to shareholder returns.
Popular, Inc. is the leading financial institution in Puerto Rico by both assets and deposits and ranks among the top 50 U.S. bank holding companies by assets. Trading at a P/E ratio of 12.13 and showing impressive momentum with a 50% price return over the past six months, the bank maintains a GOOD financial health score according to InvestingPro. Founded in 1893, its principal subsidiary, Banco Popular de Puerto Rico, provides retail, mortgage, and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico.
The company also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides banking services through its New York-chartered subsidiary, Popular Bank, which operates branches in New York, New Jersey, and Florida.
The dividend announcement was made in a company press release.
In other recent news, Popular, Inc. reported impressive financial results for the second quarter of 2025, with earnings per share (EPS) reaching $3.09, significantly surpassing the projected $2.52. This earnings surprise was accompanied by strong revenue performance, leading to positive reactions from the market. Following these results, Citi raised its price target for Popular, Inc. to $142 from $133, maintaining a Buy rating due to better-than-expected core net interest income and an increase in full-year guidance. Similarly, Keefe, Bruyette & Woods increased their price target to $132 from $125, citing a "meaningful beat across almost all major line items" in the earnings report. Additionally, Popular announced a quarterly cash dividend of $0.75 per share on its common stock, payable on October 1, 2025. The company also declared a monthly cash dividend of $0.132813 per share on its preferred stock and a monthly distribution of $0.127604 on its trust preferred securities. These developments highlight a period of strong performance and positive outlook for Popular, Inc.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.