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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
(Neutral)
Tags
dividends
Rhea-AI Summary
Popular, Inc. (NASDAQ: BPOP) declared a cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on February 28, 2022, to shareholders of record as of February 15, 2022. Additionally, a distribution of $0.127604 per security will be paid on its 6.125% Cumulative Monthly Income Trust Preferred Securities on March 1, 2022, also to holders of record as of February 15, 2022.
Positive
Declaring a monthly cash dividend of $0.132813 per share indicates strong earnings and cash flow.
Consistent dividend payments may enhance shareholder confidence and attract income-focused investors.
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 February 28, 2022 to holders of record as of February 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 March 1, 2022 to holders of record as of February 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.
