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

Rhea-AI Summary

Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 for its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on August 31, 2022, to shareholders on record as of August 15, 2022. Additionally, a monthly distribution of $0.127604 for its 6.125% Cumulative Monthly Income Trust Preferred Securities (BPOPM) will be paid on September 1, 2022, with the same record date. The company is a leading financial institution based in Puerto Rico, offering various banking services both locally and in the mainland U.S.

Positive

• Monthly cash dividend of $0.132813 per share for preferred stock benefits shareholders.
• Monthly distribution of $0.127604 per security for Trust Preferred Securities enhances income stability.

Negative

• None.

SAN JUAN, Puerto Rico--(BUSINESS WIRE)-- Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock:

• a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on August 31, 2022 to holders of record as of August 15, 2022.

The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities:

• a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on September 1, 2022 to holders of record as of August 15, 2022.

About Popular, Inc.

Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. Virgin Islands. Popular also offers in Puerto Rico auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220805005011/en/

Popular, Inc.

Investor Relations:

Paul J. Cardillo, 212-417-6721

Investor Relations Officer

pcardillo@popular.com

or

Media Relations:

MC González Noguera, 917-804-5253

Executive Vice President and Chief Communications & Public Affairs Officer

mc.gonzalez@popular.com

Source: Popular, Inc.

FAQ

What is the monthly dividend amount declared by Popular, Inc. (BPOP)?

Popular, Inc. declared a monthly cash dividend of $0.132813 per share for its Non-Cumulative Monthly Income Preferred Stock.

When is the dividend payment date for BPOP shares?

The dividend payment date for BPOP shares is August 31, 2022.

What is the distribution amount for Trust Preferred Securities (BPOPM)?

The distribution amount for Trust Preferred Securities (BPOPM) is $0.127604 per security.

When will the distribution for BPOPM be paid?

The distribution for BPOPM will be paid on September 1, 2022.

What is the record date for the dividend and distribution payments?

The record date for both the dividend and distribution payments is August 15, 2022.