Popular Rewards Shareholder with 12.9% Hike in Quarterly Dividend
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Popular Inc. (BPOP) has announced a 12.9% increase in its quarterly dividend, raising it to 70 cents per share. The company's strong liquidity position suggests that this dividend hike is sustainable.
November 18, 2024 | 6:00 pm
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Popular Inc. has increased its quarterly dividend by 12.9% to 70 cents per share, indicating confidence in its financial stability and liquidity.
The increase in dividend suggests that Popular Inc. is confident in its financial health and liquidity, which is likely to be viewed positively by investors. This could lead to a short-term increase in stock price as investors seek dividend-paying stocks.
CONFIDENCE 90
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RELEVANCE 100