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 November 30, 2022, to holders of record by November 15, 2022. Additionally, the company announced a distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, payable on December 1, 2022, to holders of record as of November 15, 2022.

Positive

• Monthly cash dividend of $0.132813 per share contributes positively to shareholder income.
• Monthly distribution of $0.127604 enhances interest in Trust Preferred Securities.

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 November 30, 2022 to holders of record as of November 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 December 1, 2022 to holders of record as of November 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/20221104005082/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 November 2022?

Popular, Inc. declared a monthly cash dividend of $0.132813 per share for November 2022.

When will Popular, Inc.'s dividend be paid?

The dividend will be paid on November 30, 2022, to holders of record as of November 15, 2022.

What is the payment date for the Trust Preferred Securities distribution?

The distribution on the Trust Preferred Securities will be paid on December 1, 2022.

How often does Popular, Inc. pay dividends?

Popular, Inc. pays dividends monthly on its preferred stock.

What is the stock symbol for Popular, Inc.?

The stock symbol for Popular, Inc. is BPOP.

What is the dividend amount for the Trust Preferred Securities?

The monthly distribution for the Trust Preferred Securities is $0.127604 per security.