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

Rhea-AI Summary

Popular, Inc. (BPOP) declares monthly cash dividends on its Non-Cumulative Monthly Income Preferred Stock and Trust Preferred Securities. Shareholders of record as of April 15, 2024, will receive dividends in April and May 2024.

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 April 30, 2024 to holders of record as of April 15, 2024. 

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 May 1, 2024 to holders of record as of April 15, 2024.

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/20240405480420/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 dividends did Popular, Inc. (BPOP) declare on its Non-Cumulative Monthly Income Preferred Stock?

Popular, Inc. (BPOP) declared a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on April 30, 2024.

What monthly distribution did Popular, Inc. (BPOP) announce on its Trust Preferred Securities?

Popular, Inc. (BPOP) announced 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 May 1, 2024.

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

The dividends will be paid on April 30, 2024, for the Non-Cumulative Monthly Income Preferred Stock and on May 1, 2024, for the Trust Preferred Securities to holders of record as of April 15, 2024.