First BanCorp reinstates quarterly cash dividend of 3c per share
First BanCorp., the bank holding company for FirstBank Puerto Rico, announced that its board of directors has declared a quarterly cash dividend of 3c per share on its outstanding common stock. The dividend will be payable on December 14 to shareholders of record at the close of business on November 30. "We are pleased to reinstate a quarterly cash dividend, which is a reflection of our confidence in the Corporation's financial and capital strength. We believe that the considerable achievements we've made over the past several years have allowed us to create value for our shareholders, significantly improving the Corporation's capital and risk profile while returning the Corporation to a sustainable and profitable business model, even in a challenging economic environment," said Aurelio Aleman, President and CEO of the Corporation.