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 April 30, 2021, to shareholders of record by April 15, 2021.

Additionally, the company announced distributions on its Trust Preferred Securities, including $0.139583 for the 6.700% series and $0.127604 for the 6.125% series, both payable on May 3, 2021, also to holders of record by April 15, 2021.

Positive

• Monthly cash dividend of $0.132813 per share provides direct income for shareholders.
• Consistent monthly distributions reflect the company's strong financial position and commitment to shareholder returns.

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 April 30, 2021 to holders of record as of
  April 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 May 3, 2021 to holders of record as of April 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 May 3, 2021 to holders of record as of April 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/20210401005082/en/

FAQ

What is the dividend amount for BPOP in April 2021?

The dividend amount for BPOP in April 2021 is $0.132813 per share.

When is the dividend payment date for BPOP?

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

What are the monthly distributions for Trust Preferred Securities?

The monthly distributions are $0.139583 for 6.700% series and $0.127604 for 6.125% series, both payable on May 3, 2021.

When is the record date for BPOP's dividends?

The record date for BPOP's dividends is April 15, 2021.

How often does BPOP declare dividends?

BPOP declares dividends on a monthly basis.