Popular, Inc. announced plans to increase its quarterly common stock dividend by 20% to 90 cents per share, payable in the fourth quarter of 2026 subject to board approval. The company also authorized a new $1 billion share repurchase program, having fully utilized its previous $500 million authorization as of June 30, 2026. Popular's liquidity remains robust, with short-term debt of $1.1 billion and no long-term debt against a liquidity balance of $4.9 billion. The dividend hike follows a 7.1% increase to 75 cents per share in August 2025, and the company has raised its dividend four times over the past five years at an annualized growth rate of 10.9%. Peers Northern Trust and M&T Bank have also strengthened shareholder returns, with Northern Trust raising its dividend 10% to 88 cents per share and M&T Bank authorizing a new $5 billion buyback program.
Popular IncPopular raises dividend 20% and authorizes $1B buyback, boosting shareholder returns.
M&T Bank CorporationM&T Bank authorizes new $5B buyback, mentioned as peer strengthening shareholder returns.
Northern Trust CorporationNorthern Trust raises dividend 10%, mentioned as peer strengthening shareholder returns.
