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

Rhea-AI Summary

Popular, Inc. (NASDAQ: BPOP) announced a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on March 31, 2023, to holders of record as of March 15, 2023.

The company also declared a monthly distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities, payable on April 3, 2023, to holders of record as of March 15, 2023.

Positive

• Monthly cash dividend of $0.132813 per share on preferred stock indicates strong income for shareholders.
• Consistent payout schedule demonstrates company confidence in financial stability.

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 March 31, 2023 to holders of record as of March 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 April 3, 2023 to holders of record as of March 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/20230303005023/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, Inc. (BPOP) in March 2023?

The dividend amount is $0.132813 per share for March 2023.

When is the payment date for the March 2023 dividend for BPOP?

The payment date is March 31, 2023.

What is the monthly distribution for BPOPM in April 2023?

The monthly distribution for BPOPM is $0.127604 per security.

When will the monthly distribution for BPOPM be paid?

The distribution will be paid on April 3, 2023.

What is the record date for the March 2023 dividend for BPOP?

The record date is March 15, 2023.