Published on 8 Mar 2024 on Simply Wall St. via Yahoo Finance
Popular (NASDAQ:BPOP) Could Be A Buy For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Popular, Inc. (NASDAQ:BPOP) is about to go ex-dividend in just 4 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Therefore, if you purchase Popular's shares on or after the 13th of March, you won't be eligible to receive the dividend, when it is paid on the 1st of April.
The company's next dividend payment will be US$0.62 per share, on the back of last year when the company paid a total of US$2.48 to shareholders. Looking at the last 12 months of distributions, Popular has a trailing yield of approximately 2.9% on its current stock price of US$84.42. If you buy this business for its dividend, you should have an idea of whether Popular's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
View our latest analysis for Popular