People's United Financial Declares Cash Dividend on Preferred Stock

Rhea-AI Summary

People's United Financial, Inc. (NASDAQ: PBCT) has declared a quarterly cash dividend of $0.3515625 per share on its Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock. This dividend is set to be paid on June 15, 2021, to shareholders on record as of June 1, 2021. The company, which boasts total assets exceeding $64 billion, operates over 400 retail locations across six states, providing community-focused financial services, including banking and wealth management.

Positive

• Quarterly cash dividend of $0.3515625 per share announced.
• Dividend payment scheduled for June 15, enhancing shareholder returns.
• Total assets exceed $64 billion, indicating financial stability.

Negative

• None.

BRIDGEPORT, Conn., April 22, 2021 /PRNewswire/ -- People's United Financial, Inc. (NASDAQ: PBCT) today announced that its Board of Directors declared a quarterly cash dividend of $0.3515625 per share on the Company's Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock.  The dividend is payable on June 15, 2021 to shareholders of record at the close of business on June 1, 2021.

People's United Financial, Inc., a diversified, community-focused financial services company with more than $64 billion in total assets, offers commercial and retail banking through a network of more than 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management solutions. The company also provides specialized commercial services to customers nationwide.

Access Information About People's United Financial at www.peoples.com.

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SOURCE People's United Financial, Inc.

FAQ

What is the dividend amount declared by PBCT?

The dividend amount declared by PBCT is $0.3515625 per share.

When is the dividend payment date for PBCT?

The dividend payment date for PBCT is June 15, 2021.

What is the record date for the PBCT dividend?

The record date for the PBCT dividend is June 1, 2021.

How many retail locations does People's United Financial operate?

People's United Financial operates over 400 retail locations.

What are the total assets of People's United Financial?

People's United Financial has total assets exceeding $64 billion.