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 scheduled for payment on September 15, 2020 to shareholders on record as of September 1, 2020. The company, which operates over 400 locations across several northeastern states and has total assets surpassing $61 billion, continues its commitment to returning value to its shareholders.

Positive

• Quarterly cash dividend of $0.3515625 per share enhances shareholder value.
• Company maintains a strong asset base with over $61 billion in total assets.

Negative

• None.

BRIDGEPORT, Conn., July 23, 2020 /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 September 15, 2020 to shareholders of record at the close of business on September 1, 2020.

People's United Financial, Inc., a diversified, community-focused financial services company with over $61 billion in total assets, offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management and insurance 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 announced by People's United Financial (PBCT)?

The announced dividend amount is $0.3515625 per share.

When is the dividend payable for PBCT?

The dividend is payable on September 15, 2020.

Who will receive the PBCT dividend?

Shareholders of record as of September 1, 2020, will receive the dividend.

What is the significance of the quarterly dividend for PBCT shareholders?

The quarterly dividend reflects the company's ongoing commitment to shareholder returns and financial stability.