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

Rhea-AI Summary

Popular has declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, Series A, payable on July 31, 2024, to holders of record as of July 15, 2024.

The company also announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities, payable on August 1, 2024, to holders of record as of July 15, 2024.

Positive

• Monthly cash dividend of $0.132813 per share declared on 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on July 31, 2024.
• Monthly distribution of $0.127604 per security announced on 6.125% Cumulative Monthly Income Trust Preferred Securities, payable on August 1, 2024.

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• 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 July 31, 2024 to holders of record as of July 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 August 1, 2024 to holders of record as of July 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/20240703326892/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 for its preferred stock?

Popular declared a monthly cash dividend of $0.132813 per share on its 6.375% Non-Cumulative Monthly Income Preferred Stock, Series A.

When is the dividend payment date for Popular's preferred stock?

The dividend payment date is July 31, 2024.

What is the record date for Popular's preferred stock dividend?

The record date is July 15, 2024.

What is the distribution amount for Popular's Trust Preferred Securities?

Popular announced a monthly distribution of $0.127604 per security on its 6.125% Cumulative Monthly Income Trust Preferred Securities.

When will the distribution for Popular's Trust Preferred Securities be paid?

The distribution will be paid on August 1, 2024.

What is the record date for Popular's Trust Preferred Securities distribution?

The record date for the Trust Preferred Securities distribution is July 15, 2024.