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 on its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on December 31, 2021, to shareholders of record by December 15, 2021.

Additionally, a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities will be paid on January 3, 2022, also to holders of record as of December 15, 2021.

Positive

• Monthly cash dividend of $0.132813 reflects continued shareholder returns.
• Monthly distribution of $0.127604 enhances income for 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 December 31, 2021 to holders of record as of December 15, 2021.

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 January 3, 2022 to holders of record as of December 15, 2021.

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/20211203005377/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 declared by Popular, Inc. for December 2021?

Popular, Inc. declared a dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock.

When is the dividend payable for Popular, Inc.'s preferred stock?

The dividend is payable on December 31, 2021.

What is the distribution amount for Popular Capital Trust II?

The distribution amount for Popular Capital Trust II is $0.127604 per security.

When will Popular Capital Trust II's distribution be paid?

The distribution will be paid on January 3, 2022.

What is the record date for the dividends declared by Popular, Inc.?

The record date for both dividends is December 15, 2021.