Published on 26 May 2024 on Simply Wall St. via Yahoo Finance

Popular, Inc. (NASDAQ:BPOP) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Popular, Inc. (NASDAQ:BPOP) is about to trade ex-dividend in the next 3 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase Popular's shares on or after the 30th of May will not receive the dividend, which will be paid on the 1st of July.

The company's upcoming dividend is US$0.62 a share, following on from the last 12 months, when the company distributed a total of US$2.48 per share to shareholders. Calculating the last year's worth of payments shows that Popular has a trailing yield of 2.8% on the current share price of US$89.22. If you buy this business for its dividend, you should have an idea of whether Popular's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.