First BanCorp. Raises Dividend 25%, Approves Buyback Program of Up to $350 Million

First BanCorp., the parent company of FirstBank Puerto Rico, raised its quarterly dividend by 25% to $0.25 per common share and authorized up to $350 million for repurchases, expanding its planned return of capital to shareholders. The board declared the dividend Oct. 21, 2026. The new payout is up from the $0.20 per share paid in September. Shareholders of record at the close of business Nov. 27 will receive the payment Dec. 11. Management expects to carry out repurchases during 2027 at its discretion and subject to market conditions. About $38.3 million remained under the previous repurchase program.

Source: TokenPost