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

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Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, effective May 2, 2022, to shareholders of record by April 15, 2022. Additionally, it announced a distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, also payable on May 2, 2022, with the same record date. As a leading financial institution in Puerto Rico, Popular provides a wide array of banking services and ranks among the top 50 U.S. bank holding companies.

Positive
  • Monthly cash dividend of $0.132813 per share boosts income for shareholders.
  • Confidence in financial stability indicated by consistent dividend payments.
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 May 2, 2022 to holders of record as of April 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 May 2, 2022 to holders of record as of April 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.

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)?

Popular, Inc. declared a dividend of $0.132813 per share on its Non-Cumulative Monthly Income Preferred Stock.

When is the dividend payment date for Popular, Inc. (BPOP)?

The dividend payment date is May 2, 2022.

What is the distribution on Trust Preferred Securities (BPOPM) by Popular, Inc.?

The distribution is $0.127604 per security on the 6.125% Cumulative Monthly Income Trust Preferred Securities.

When will the distribution for Trust Preferred Securities (BPOPM) be paid?

The distribution will be paid on May 2, 2022, to holders of record as of April 15, 2022.

Popular Inc

NASDAQ:BPOP

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6.46B
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1.77%
90.57%
0.83%
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