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 of its Non-Cumulative Monthly Income Preferred Stock, 2003 Series A. The dividend is payable on November 30, 2023, to shareholders of record as of November 15, 2023. Additionally, the company announced a monthly distribution of $0.127604 per security of its Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II. The distribution is payable on December 1, 2023, to shareholders of record as of November 15, 2023.

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 November 30, 2023 to holders of record as of November 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 December 1, 2023 to holders of record as of November 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231103501448/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 ticker symbol for Popular, Inc.?

The ticker symbol for Popular, Inc. is BPOP.

What is the dividend amount per share for the Non-Cumulative Monthly Income Preferred Stock?

The dividend amount per share for the Non-Cumulative Monthly Income Preferred Stock is $0.132813.

When will the dividend be paid for the Non-Cumulative Monthly Income Preferred Stock?

The dividend for the Non-Cumulative Monthly Income Preferred Stock will be paid on November 30, 2023.

Who will receive the dividend for the Non-Cumulative Monthly Income Preferred Stock?

The dividend for the Non-Cumulative Monthly Income Preferred Stock will be paid to shareholders of record as of November 15, 2023.

What is the distribution amount per security for the Cumulative Monthly Income Trust Preferred Securities?

The distribution amount per security for the Cumulative Monthly Income Trust Preferred Securities is $0.127604.

When will the distribution be paid for the Cumulative Monthly Income Trust Preferred Securities?

The distribution for the Cumulative Monthly Income Trust Preferred Securities will be paid on December 1, 2023.

Who will receive the distribution for the Cumulative Monthly Income Trust Preferred Securities?

The distribution for the Cumulative Monthly Income Trust Preferred Securities will be paid to shareholders of record as of November 15, 2023.