First BanCorp raises quarterly dividend 13% to 18c per share

First BanCorp (FBP). announced that its Board of Directors has declared a quarterly cash dividend of 18c per share, which represents an increase of 13% or 2c per common share compared to its most recent dividend paid in December 2024. The dividend is payable on March 7, 2025 to shareholders of record at the close of business on February 21, 2025. “We are pleased to announce another increase to our common stock dividend. This, combined with our share buyback program, underscores our unwavering commitment to maximizing shareholder value. These actions are supported by our consistent long-term performance, strong capital position, and positive future outlook,” said Aurelio Aleman, President and CEO of the Corporation.