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 on its 6.375% Non-Cumulative Monthly Income Preferred Stock, payable on June 1, 2021 to holders of record as of May 15, 2021. Additionally, it announced distributions on Trust Preferred Securities: $0.139583 per security on 6.700% Cumulative Monthly Income Trust Preferred Securities, and $0.127604 per security on 6.125% Cumulative Monthly Income Trust Preferred Securities, also payable on June 1, 2021 to holders of record as of May 15, 2021.

Positive

• Monthly dividend of $0.132813 enhances shareholder income.
• Strong dividend distribution reflects confidence in business performance.

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 June 1, 2021 to holders of record as of May 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 June 1, 2021 to holders of record as of May 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 June 1, 2021 to holders of record as of May 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210503005594/en/

FAQ

What is the dividend amount declared by BPOP in May 2021?

The dividend amount declared by BPOP in May 2021 is $0.132813 per share.

When will Popular, Inc. pay its dividends?

Popular, Inc. will pay its dividends on June 1, 2021.

What is the record date for BPOP's dividend payments?

The record date for BPOP's dividend payments is May 15, 2021.

What are the Trust Preferred Securities distributions for BPOP?

BPOP announced a distribution of $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.