First BanCorp Declares Dividend and Introduces Stock Buyback Initiative
Tuesday, 23 July 2024, 05:21
First BanCorp's Dividend Announcement
First BanCorp has made a significant announcement regarding their dividend and stock repurchase plans. Here are the main points:
Key Highlights
- The company declared a dividend of $0.16 per share.
- A new stock repurchase program has been initiated.
- The repurchase program is valued at up to $250 million.
Conclusion
The declaration of a dividend and the introduction of a stock repurchase program demonstrate First BanCorp's commitment to delivering value to its shareholders. Investors can anticipate a positive reaction in the market as these strategies are implemented.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.