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

Rhea-AI Summary

Popular, Inc. announced a $0.132813 monthly cash dividend for its 6.375% Non-Cumulative Monthly Income Preferred Stock, Series A, payable on January 31, 2022. Record date is January 15, 2022. Additionally, a $0.127604 monthly distribution on its 6.125% Cumulative Monthly Income Trust Preferred Securities will be payable on February 1, 2022, also to holders of record as of January 15, 2022. Popular, Inc. remains a leading financial institution in Puerto Rico.

Positive

• Monthly cash dividend of $0.132813 indicates ongoing income for shareholders.
• Continued distribution of $0.127604 for Trust Preferred Securities reflects company confidence.

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, 2022 to holders of record as of January 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 February 1, 2022 to holders of record as of January 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/20220105005169/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 dividend amount for 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?

The dividend payment date for Popular, Inc.'s Non-Cumulative Monthly Income Preferred Stock is January 31, 2022.

What is the distribution amount for BPOPM?

The distribution amount for Popular Capital Trust II's Cumulative Monthly Income Trust Preferred Securities (BPOPM) is $0.127604 per security.

When is the payment date for BPOPM?

The payment date for the distribution on BPOPM is February 1, 2022.