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Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A. This dividend is payable on May 1, 2023, to holders of record as of April 15, 2023.
Additionally, a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities will also be made, payable on May 1, 2023, to holders of record as of April 15, 2023.
Positive
Monthly cash dividend of $0.132813 per share enhances shareholder income.
Confidence in continued cash distributions reflected in the declared dividends.
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 May 1, 2023 to holders of record as of April 15, 2023.
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 May 1, 2023 to holders of record as of April 15, 2023.
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.
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 dividend amount for Popular, Inc. BPOP?
The monthly cash dividend for Popular, Inc. (BPOP) is $0.132813 per share.
When is the dividend payment date for BPOP?
The dividend payment date for Popular, Inc. (BPOP) is May 1, 2023.
What is the dividend amount for Popular Capital Trust II BPOPM?
The monthly distribution for Popular Capital Trust II (BPOPM) is $0.127604 per security.
When will BPOPM distribute its monthly dividend?
BPOPM will distribute its monthly dividend on May 1, 2023.
Who is eligible for the dividends from BPOP and BPOPM?
Holders of record as of April 15, 2023, are eligible for dividends from both BPOP and BPOPM.
