Popular, Inc. Declares Dividend on Preferred Stock, Announces Distribution on Trust Preferred Securities
Popular, Inc. (NASDAQ: BPOP) has declared a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on November 30, 2020, to shareholders on record as of November 15, 2020.
Additionally, the company announced distributions for Trust Preferred Securities: $0.139583 per security of 6.700% Cumulative Monthly Income Trust Preferred Securities, and $0.127604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities, both payable on December 1, 2020.
- Monthly cash dividend of $0.132813 per share for preferred stock enhances shareholder income.
- Established distributions on Trust Preferred Securities indicate financial stability.
- 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:
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a monthly cash dividend of
$0.13 2813 per share of6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on November 30, 2020 to holders of record as of November 15, 2020.
The Corporation also announced the following monthly distributions on its outstanding Trust Preferred Securities:
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a monthly distribution of
$0.13 9583 per security of6.700% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, payable on December 1, 2020 to holders of record as of November 15, 2020; and -
a monthly distribution of
$0.12 7604 per security of 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II, payable on December 1, 2020 to holders of record as of November 15, 2020.
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.
