Banco Popular announced the approval and disbursement of the first loans granted by the institution under the Paycheck Protection Program established by the Coronavirus Aid, Relief, and Economic Security Act (CARES). The program went into effect on April 3 and will run through June 30. On Friday, Popular approved some $2.6 million in loans and, […]
Popular Inc. reported net income of $166.8 million for the quarter ended Dec. 31, 2019, compared to net income of $165.3 million for the quarter ended Sept. 30, 2019. In the report, Banco Popular de Puerto Rico’s parent company, confirmed it generated net income of $671.1 million for the year 2019, compared to net income […]
Popular Inc. announced it will carry out common stock repurchases of up to $500 million and an increase in its quarterly common stock dividend from $0.30 per share to $0.40 per share, starting in the second quarter of 2020. “We are pleased to announce our proposed capital actions for 2020 which are in line with […]
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