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

Rhea-AI Summary

Popular, Inc. (NASDAQ: BPOP) declared a monthly cash dividend and distribution on its preferred stock and trust preferred securities. The dividend on the Non-Cumulative Monthly Income Preferred Stock is $0.132813 per share, while the distribution on the Trust Preferred Securities is $0.127604 per security.

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 31, 2024 to holders of record as of May 15, 2024.

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 June 3, 2024 to holders of record as of May 15, 2024.

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/20240503157991/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 declared by Popular, Inc. for its Non-Cumulative Monthly Income Preferred Stock?

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

When is the dividend on the Non-Cumulative Monthly Income Preferred Stock payable?

The dividend on the Non-Cumulative Monthly Income Preferred Stock is payable on May 31, 2024 to holders of record as of May 15, 2024.

What is the distribution amount announced by Popular, Inc. for its Trust Preferred Securities?

Popular, Inc. announced a monthly distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II.

When is the distribution on the Trust Preferred Securities payable?

The distribution on the Trust Preferred Securities is payable on June 3, 2024 to holders of record as of May 15, 2024.