Popular: Dividend Insights
Portfolio Pulse from Benzinga Insights
Popular (NASDAQ:BPOP) has announced a quarterly dividend of 62 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning BPOP stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on January 02, 2024. The stock is expected to open 62 cents lower on the ex-dividend date to reflect the payout.
December 01, 2023 | 2:45 pm
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Popular (BPOP) will pay a quarterly dividend of 62 cents per share, with shares expected to open lower by the same amount on the ex-dividend date.
The stock price of Popular is likely to decrease in the short term by the amount of the dividend payout, as the stock will trade ex-dividend. This is a common occurrence as the market adjusts for the value of the dividend being paid out to shareholders. The importance is significant as dividends are a key factor for income-focused investors, and the relevance is high because the news is directly about BPOP's dividend announcement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100