KILL Popular, Inc. Declares Dividend on Preferred Stock, Announces Distribution on Trust Preferred Securities

Rhea-AI Summary

Popular, Inc. announced the premature issuance of a press release regarding the declaration of a dividend on its preferred stock and the distribution on its trust preferred securities. The company has requested that the press release NewsItemId: 20210202005855 be retracted. A corrected release is expected to be published later this week.

Positive

• The company demonstrates a proactive approach by retracting the premature announcement.

Negative

• The premature announcement may create confusion among investors regarding dividend expectations.
• Delay in providing accurate information could affect investor trust.

Popular, Inc. requests that their press release NewsItemId: 20210202005855 “Popular, Inc. Declares Dividend on Preferred Stock, Announces Distribution on Trust Preferred Securities” be killed.

The release was issued prematurely by Popular, Inc.

A replacement release will be issued later this week.

FAQ

What happened with Popular, Inc.'s recent dividend announcement?

Popular, Inc. retracted a premature press release regarding a dividend declaration on preferred stock.

When will Popular, Inc. issue the corrected press release regarding dividends?

A replacement press release is expected to be published later this week.

How might the premature release affect investors?

The confusion caused by the premature release could impact investor trust and expectations about dividends.