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

Rhea-AI Summary

Popular (NASDAQ: BPOP) has declared a monthly cash dividend on its Non-Cumulative Monthly Income Preferred Stock and announced a distribution on Trust Preferred Securities. The company will pay a $0.132813 per share dividend on its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, on September 30, 2024, to holders of record as of September 15, 2024. Additionally, Popular Capital Trust II will distribute $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities on October 1, 2024, to holders of record as of September 15, 2024.

Positive

• Regular dividend payments indicate financial stability
• Consistent returns for preferred stockholders and trust preferred securities holders

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 September 30, 2024 to holders of record as of September 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 October 1, 2024 to holders of record as of September 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/20240905578652/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's (BPOP) Non-Cumulative Monthly Income Preferred Stock?

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

When will Popular (BPOP) pay the dividend on its Non-Cumulative Monthly Income Preferred Stock?

The dividend on Popular's (BPOP) Non-Cumulative Monthly Income Preferred Stock will be paid on September 30, 2024, to holders of record as of September 15, 2024.

What is the distribution amount for Popular Capital Trust II's Trust Preferred Securities?

Popular Capital Trust II will distribute $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities.

When is the payment date for Popular Capital Trust II's Trust Preferred Securities distribution?

The distribution on Popular Capital Trust II's Trust Preferred Securities will be paid on October 1, 2024, to holders of record as of September 15, 2024.