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 for its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on May 31, 2022. Record holders as of May 15, 2022 will receive this dividend. Additionally, the company announced a monthly distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities, payable on June 1, 2022, also to record holders as of May 15, 2022.

Positive

• Monthly cash dividend of $0.132813 per share for Non-Cumulative Preferred Stock provides income to shareholders.
• Monthly distribution of $0.127604 per security for Trust Preferred Securities reinforces commitment to returns.

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 31, 2022 to holders of record as of
  May 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 June 1, 2022 to holders of record as of May 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504005931/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 monthly cash dividend amount for Popular, Inc. (BPOP)?

The monthly cash dividend for Popular, Inc. (BPOP) is $0.132813 per share.

When will the dividend be paid to shareholders of Popular, Inc. (BPOP)?

The dividend will be payable on May 31, 2022, to holders of record as of May 15, 2022.

What is the distribution amount for Popular Capital Trust II (BPOPM)?

The monthly distribution for Popular Capital Trust II (BPOPM) is $0.127604 per security.

When will the distribution be paid for Trust Preferred Securities of Popular, Inc. (BPOPM)?

The distribution will be payable on June 1, 2022, to holders of record as of May 15, 2022.