Looking at the universe of stocks we cover at Dividend Channel, on 5/30/24, First Bancorp (Symbol: FBP), Loews Corp. (Symbol: L), and Popular Inc. (Symbol: BPOP) will all trade ex-dividend for their respective upcoming dividends. First Bancorp will pay its quarterly dividend of $0.16 on 6/14/24, Loews Corp. will pay its quarterly dividend of $0.0625 on 6/11/24, and Popular Inc. will pay its quarterly dividend of $0.62 on 7/1/24. As a percentage of FBP's recent stock price of $17.98, this dividend works out to approximately 0.89%, so look for shares of First Bancorp to trade 0.89% lower — all else being equal — when FBP shares open for trading on 5/30/24. Similarly, investors should look for L to open 0.08% lower in price and for BPOP to open 0.69% lower, all else being equal.
Below are dividend history charts for FBP, L, and BPOP, showing historical dividends prior to the most recent ones declared.
First Bancorp (Symbol: FBP):
Loews Corp. (Symbol: L):
Popular Inc. (Symbol: BPOP):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 3.56% for First Bancorp, 0.33% for Loews Corp., and 2.78% for Popular Inc..
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In Tuesday trading, First Bancorp shares are currently up about 1.8%, Loews Corp. shares are up about 0.8%, and Popular Inc. shares are up about 0.9% on the day.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
