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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
(Very Positive)
Tags
dividends
Rhea-AI Summary
Popular, Inc. (NASDAQ: BPOP) declares monthly cash dividend on its Non-Cumulative Monthly Income Preferred Stock and announces monthly distribution on its Trust Preferred Securities.
Positive
Popular, Inc. declares 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, 2023.
Popular, Inc. announces 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, 2023.
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, 2023 to holders of record as of August 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 September 1, 2023 to holders of record as of August 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 monthly cash dividend declared by Popular, Inc. on its Non-Cumulative Monthly Income Preferred Stock?
Popular, Inc. has declared a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A.
When will the monthly cash dividend be payable?
The monthly cash dividend will be payable on August 31, 2023.
What is the monthly distribution announced by Popular, Inc. on its Trust Preferred Securities?
Popular, Inc. has announced a monthly distribution of $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II.
When will the monthly distribution be payable?
The monthly distribution will be payable on September 1, 2023.
