First BanCorp Dividend

Dividend criteria checks 2/6

First BanCorp is a dividend paying company with a current yield of 3.54% that is well covered by earnings. Next payment date is on 14th June, 2024 with an ex-dividend date of 30th May, 2024.

Key information

3.5%

Dividend yield

33%

Payout ratio

Industry average yield	3.0%
Next dividend pay date	14 Jun 24
Ex dividend date	30 May 24
Dividend per share	n/a
Earnings per share	US$1.84
Dividend yield forecast in 3Y	3.5%

Recent dividend updates

First BanCorp's (NYSE:FBP) Upcoming Dividend Will Be Larger Than Last Year's

Feb 12

Recent updates

Analyst Estimates: Here's What Brokers Think Of First BanCorp. (NYSE:FBP) After Its Annual Report

Jan 31

First BanCorp. Q4 2022 Earnings Preview

Jan 26

Do First BanCorp's (NYSE:FBP) Earnings Warrant Your Attention?

Jan 07

First BanCorp. Q3 2022 Earnings Preview

Oct 24

If EPS Growth Is Important To You, First BanCorp (NYSE:FBP) Presents An Opportunity

Sep 03

First BanCorp. goes ex dividend tomorrow

Aug 23

First BanCorp: Stock Price Due For A Breather, Earnings Likely To Continue Full Steam Ahead

Aug 13

First BanCorp. Q2 2022 Earnings Preview

Jul 21

First BanCorp: Revising The Earnings Estimate Upwards Thanks To Better Provisioning Outlook

May 26

First BanCorp (NYSE:FBP) Is Increasing Its Dividend To US$0.12

May 02

Does First BanCorp (NYSE:FBP) Deserve A Spot On Your Watchlist?

Mar 30

First BanCorp: Attractively Valued With A Stable Earnings Outlook

Mar 06

First BanCorp: Flattish Earnings Outlook

Nov 27

First BanCorp.: Net Provision Reversals To Drive Earnings

Sep 08

First BanCorp: Balance Sheet Growth, Subdued Credit Costs To Drive Earnings Recovery

Jun 15

Upcoming Dividend Payment

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: Whilst dividend payments have been stable, FBP has been paying a dividend for less than 10 years.

Growing Dividend: FBP's dividend payments have increased, but the company has only paid a dividend for 5 years.

Dividend Yield vs Market

First BanCorp Dividend Yield vs Market

How does FBP dividend yield compare to the market?
Segment	Dividend Yield
Company (FBP)	3.5%
Market Bottom 25% (US)	1.5%
Market Top 25% (US)	4.6%
Industry Average (Banks)	3.0%
Analyst forecast in 3 Years (FBP)	3.5%

Notable Dividend: FBP's dividend (3.54%) is higher than the bottom 25% of dividend payers in the US market (1.52%).

High Dividend: FBP's dividend (3.54%) is low compared to the top 25% of dividend payers in the US market (4.68%).

Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (32.9%), FBP's dividend payments are well covered by earnings.

Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.

First BanCorp Dividend

Dividend criteria checks 2/6

Key information

Recent dividend updates

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on June 14, 2024

Upcoming dividend of US$0.16 per share at 3.4% yield

First BanCorp's (NYSE:FBP) Upcoming Dividend Will Be Larger Than Last Year's

First BanCorp. Increases Quarterly Cash Dividend on Common Stock, Payable on March 8, 2024

Upcoming dividend of US$0.14 per share at 3.7% yield

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on December 8, 2023

Recent updates

Executive VP & CFO recently sold US$1.3m worth of stock

First quarter dividend of US$0.16 announced

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on June 14, 2024

First quarter 2024 earnings: EPS exceeds analyst expectations

First BanCorp. Announces Net Charge Offs for the Quarter Ended March 31, 2024

First BanCorp., Annual General Meeting, May 23, 2024

President exercised options and sold US$617k worth of stock

First BanCorp. to Report Q1, 2024 Results on Apr 23, 2024

Executive VP & CFO notifies of intention to sell stock

President recently sold US$858k worth of stock

Full year 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of US$0.16 per share at 3.4% yield

First BanCorp's (NYSE:FBP) Upcoming Dividend Will Be Larger Than Last Year's

Fourth quarter dividend increased to US$0.16

First BanCorp. Increases Quarterly Cash Dividend on Common Stock, Payable on March 8, 2024

Price target increased by 7.4% to US$18.90

Full year 2023 earnings: EPS exceeds analyst expectations

First BanCorp. Reports Net Charge-Off for the Fourth Quarter Ended December 31, 2023

First BanCorp. to Report Q4, 2023 Results on Jan 24, 2024

First BanCorp: Fairly Priced With A Flattish Earnings Outlook

Executive VP & COO recently sold US$1.0m worth of stock

Executive VP & COO notifies of intention to sell stock

Upcoming dividend of US$0.14 per share at 3.7% yield

Insufficient new directors

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on December 8, 2023

Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

First BanCorp. to Report Q3, 2023 Results on Oct 20, 2023

First BanCorp: Worthy Of Consideration

Upcoming dividend of US$0.14 per share at 3.8% yield

Price target increased by 15% to US$16.20

First BanCorp. Reports Net Charge Off for the Second Quarter Ended June 30, 2023

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

First BanCorp. (NYSE:FBP) announces an Equity Buyback for $225 million worth of its shares.

First BanCorp. to Report Q2, 2023 Results on Jul 27, 2023

Investor sentiment improves as stock rises 17%

Upcoming dividend of US$0.14 per share at 5.1% yield

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

President exercised options and sold US$1.1m worth of stock

Price target decreased by 7.1% to US$15.60

Upcoming dividend of US$0.14 per share at 3.9% yield

First BanCorp. Declares Quarterly Cash Dividend, Payable on March 10, 2023

First BanCorp Leveraged To Sustained Improvement In Puerto Rico's Economy

Analyst Estimates: Here's What Brokers Think Of First BanCorp. (NYSE:FBP) After Its Annual Report

Full year 2022 earnings: EPS in line with expectations, revenues disappoint

First BanCorp. Reports Net Charge-Off for the Fourth Quarter Ended December 31, 2022

First BanCorp. Q4 2022 Earnings Preview

First BanCorp. to Report Q4, 2022 Results on Jan 27, 2023

Do First BanCorp's (NYSE:FBP) Earnings Warrant Your Attention?

President recently sold US$611k worth of stock

President recently sold US$611k worth of stock

First BanCorp. Declares Quarterly Cash Dividend on Its Outstanding Common Stock, Payable on December 9, 2022

Third quarter 2022 earnings: EPS exceeds analyst expectations

First BanCorp. Q3 2022 Earnings Preview

First BanCorp. to Report Q3, 2022 Results on Oct 25, 2022

If EPS Growth Is Important To You, First BanCorp (NYSE:FBP) Presents An Opportunity

First BanCorp. goes ex dividend tomorrow

Upcoming dividend of US$0.12 per share

Executive VP & CFO recently sold US$782k worth of stock

First BanCorp: Stock Price Due For A Breather, Earnings Likely To Continue Full Steam Ahead

Executive VP & CFO notifies of intention to sell stock

Executive VP & Chief Risk Officer recently sold US$448k worth of stock

First BanCorp. Reports Net Charge-Offs for the Second Quarter Ended June 30, 2022

Second quarter 2022 earnings: EPS and revenues exceed analyst expectations

First BanCorp. Declares Quarterly Cash Dividend on Common Stock, Payable on September 9, 2022

First BanCorp. Q2 2022 Earnings Preview

First BanCorp. to Report Q2, 2022 Results on Jul 22, 2022

First BanCorp: Revising The Earnings Estimate Upwards Thanks To Better Provisioning Outlook

Independent Chairman recently sold US$1.4m worth of stock

Upcoming dividend of US$0.12 per share