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

Rhea-AI Summary

Popular Inc (NASDAQ: BPOP) has announced dividend payments for both its preferred stock and trust preferred securities. The company declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on January 31, 2025, to holders of record as of January 15, 2025.

Additionally, Popular announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, issued by Popular Capital Trust II, payable on February 3, 2025, to holders of record as of January 15, 2025.

Positive

• Consistent dividend payments indicating financial stability
• Maintaining preferred stock dividend at 6.375% annual rate
• Continuing trust preferred securities distribution at 6.125% rate

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 January 31, 2025 to holders of record as of January 15, 2025.

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 February 3, 2025 to holders of record as of January 15, 2025.

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, 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.

Source: Popular, Inc.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250103157281/en/

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's (BPOP) preferred stock for January 2025?

Popular Inc declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A.

When is the payment date for BPOP's January 2025 preferred stock dividend?

The preferred stock dividend will be paid on January 31, 2025, to holders of record as of January 15, 2025.

What is the distribution amount for BPOP's trust preferred securities in February 2025?

Popular Inc announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities.

What is the record date for BPOP's trust preferred securities distribution?

The record date for the trust preferred securities distribution is January 15, 2025, with payment on February 3, 2025.