First BanCorp Boosts Quarterly Cash Dividend On Common Stock By 14% From $0.14 To $0.16 Per Share
Portfolio Pulse from Benzinga Newsdesk
First BanCorp announced a 14% increase in its quarterly cash dividend on common stock, raising it from $0.14 to $0.16 per share, payable on March 8, 2024, to shareholders of record as of February 23, 2024.
February 08, 2024 | 10:29 pm
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First BanCorp has increased its quarterly cash dividend from $0.14 to $0.16 per share, a 14% rise, with the dividend payable on March 8, 2024.
Increasing dividends is generally perceived as a sign of a company's financial health and confidence in its future earnings. This move by First BanCorp is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price due to perceived stability and profitability.
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