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 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on August 1, 2022, to shareholders of record by July 15, 2022. Additionally, it announced a distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities (BPOPM), also payable on August 1, 2022. This demonstrates the company’s commitment to providing returns to its shareholders while maintaining a strong financial position in Puerto Rico's banking sector.

Positive

• Monthly cash dividend of $0.132813 per share, enhancing shareholder income.
• Monthly distribution of $0.127604 per security, showcasing commitment to Preferred Securities.

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 1, 2022 to holders of record as of July 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 August 1, 2022 to holders of record as of July 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/20220701005089/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 Popular, Inc. (BPOP) in August 2022?

The dividend amount for Popular, Inc. (BPOP) in August 2022 is $0.132813 per share.

What is the payment date for the August dividend for BPOP?

The payment date for the August dividend for BPOP is August 1, 2022.

When is the record date for the August dividend of BPOP?

The record date for the August dividend of BPOP is July 15, 2022.

What is the distribution amount for Popular Capital Trust II (BPOPM) in August 2022?

The distribution amount for Popular Capital Trust II (BPOPM) in August 2022 is $0.127604 per security.

What is the payment date for the distribution of BPOPM?

The payment date for the distribution of BPOPM is August 1, 2022.