Popular Inc

Popular declared a quarterly dividend of $0.90 per share, in line with its previous payout. The dividend is payable October 1 to shareholders of record on September 10, with the ex-dividend date also September 10. Based on the current share price, the forward yield is 2.12%.

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 Inc reported second-quarter 2026 net income of $278 million and earnings per share of $4.35, a 15% increase from the first quarter. The company announced a planned 20% increase in its quarterly dividend to $0.90 per share and a new $1 billion share repurchase authorization, with buybacks of $300 million to $400 million expected for the rest of the year. Loans held in portfolio grew by $460 million, driven by commercial, construction, and mortgage lending, while deposits increased by $2.6 billion, primarily from Puerto Rico public deposits. Net interest income rose by $23 million to $693 million, and the net interest margin was stable at 3.66% on a GAAP basis but expanded to 4.17% on a taxable equivalent basis. Non-performing loans decreased by $45 million to $413 million, and the Common Equity Tier 1 ratio increased to 16.1%.

Popular reported second-quarter net income of $278 million, or $4.35 per share, up 15% from the prior quarter and 41% year over year. President and CEO Javier Ferrer announced he will retire at the end of August, with CFO Jorge García succeeding him as CEO, Chief Risk Officer Lidio Soriano becoming CFO, and Luis Sousa taking over as chief risk officer. Net interest income rose $23 million to $693 million, driven by loan growth and higher investment balances, while the company raised its full-year net interest income growth outlook to 8% to 9%. Popular also announced a new $1 billion share repurchase authorization and a planned 20% dividend increase to $0.90 per share beginning in the fourth quarter, and it raised its annual return on tangible common equity target to a range of 14% to 17%.

Popular, Inc. declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on July 31, 2026 to holders of record as of July 15, 2026. The company also announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on August 3, 2026 to holders of record as of July 15, 2026.

Franklin Resources has returned 42% so far this year, significantly outperforming the Finance group's average gain of about 4%. The stock holds a Zacks Rank #1 (Strong Buy), and its full-year earnings consensus estimate has risen 7% over the past quarter. Within the Financial - Investment Management industry, which has lost an average of 9.3% year-to-date, Franklin Resources stands out as a top performer. Another finance stock, Popular, has returned 30.7% this year and carries a Zacks Rank #2 (Buy), with its current-year EPS estimate up 5.8% over three months.