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 for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on September 30, 2021. Holders of record as of September 15, 2021 are eligible. Additionally, the company announced monthly distributions for its Trust Preferred Securities: $0.139583 for 6.700% Cumulative Trust Preferred Securities (BPOPN) and $0.127604 for 6.125% Cumulative Trust Preferred Securities (BPOPM), both payable on October 1, 2021.

Positive

• Declaring a monthly cash dividend of $0.132813 signifies ongoing income generation for shareholders.
• Monthly distributions of $0.139583 (BPOPN) and $0.127604 (BPOPM) enhance shareholder returns.

Negative

• 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 September 30, 2021 to holders of record as of September 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 October 1, 2021 to holders of record as of September 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 October 1, 2021 to holders of record as of September 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/20210903005322/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 for Popular, Inc. (BPOP) in September 2021?

The dividend amount for Popular, Inc. (BPOP) is $0.132813 per share.

When is the dividend payment date for BPOP?

The dividend payment date for BPOP is September 30, 2021.

Who qualifies for the BPOP dividend?

Shareholders holding shares as of September 15, 2021, qualify for the BPOP dividend.

What are the monthly distributions for BPOPN and BPOPM?

BPOPN has a distribution of $0.139583, while BPOPM has a distribution of $0.127604.

When are the distributions for BPOPN and BPOPM paid?

The distributions for BPOPN and BPOPM are payable on October 1, 2021.