Corporate ActionJul 23, 2026, 08:17 AM
Popular Increases Dividend to $0.90; Authorizes $1B Buyback
AI Summary
Popular, Inc. announced an increase in its quarterly common stock dividend from $0.75 to $0.90 per share, effective with the fourth quarter 2026 dividend, subject to board approval. Additionally, the company authorized a new common stock repurchase program of up to $1 billion. This follows the full utilization of a previous $500 million repurchase authorization as of June 30, 2026, with approximately $280 million repurchased year-to-date in 2026. The capital actions reflect the company's strong financial performance and commitment to returning capital to shareholders.
Key Highlights
- Quarterly common stock dividend increased from $0.75 to $0.90 per share.
- New common stock repurchase authorization of up to $1 billion.
- Dividend increase commences with the dividend payable in the fourth quarter of 2026.
- Corporation repurchased approximately $280 million in common stock to date in 2026.
- Previous $500 million repurchase authorization (approved in 2025) fully utilized as of June 30, 2026.
Price Impact
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