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

Rhea-AI Summary

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, set for payment on August 2, 2021, to shareholders of record by July 15, 2021. Additionally, it announced distributions for its Trust Preferred Securities: $0.139583 per security for 6.700% Cumulative Monthly Income Trust Preferred Securities and $0.127604 per security for 6.125% Cumulative Monthly Income Trust Preferred Securities, also payable on August 2, 2021.

Positive

• Declared monthly cash dividend of $0.132813, providing income to shareholders.
• Continued payment of Trust Preferred Securities distributions, reflecting stable financial management.

Negative

• None.

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 August 2, 2021 to holders of record as of July 15, 2021.

The Corporation also announced the following monthly distributions on its outstanding Trust Preferred Securities:

• a monthly distribution of $0.139583 per security of 6.700% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, payable on August 2, 2021 to holders of record as of July 15, 2021; and
• 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 2, 2021 to holders of record as of July 15, 2021.

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.

Financial (English): P-EN-FIN

View source version on businesswire.com: https://www.businesswire.com/news/home/20210702005409/en/

FAQ

What is the dividend amount BPOP declared for August 2021?

BPOP declared a monthly cash dividend of $0.132813 per share for August 2021.

When will the BPOP dividend be paid?

The BPOP dividend will be paid on August 2, 2021.

What is the record date for the BPOP dividend?

The record date for the BPOP dividend is July 15, 2021.

What are the distributions for Trust Preferred Securities by BPOP?

BPOP announced distributions of $0.139583 and $0.127604 per security for its Trust Preferred Securities.