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 March 15, 2021, to shareholders of record as of the close of business on March 1, 2021. With over $63 billion in total assets, People's United Financial operates a network of more than 400 retail locations across several states, offering diverse financial services including commercial and retail banking.

Positive

• Quarterly cash dividend of $0.3515625 per share.
• Strong asset base with over $63 billion in total assets.
• Active presence with more than 400 retail locations.

Negative

• None.

BRIDGEPORT, Conn., Jan. 21, 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 March 15, 2021 to shareholders of record at the close of business on March 1, 2021.

People's United Financial, Inc., a diversified , community-focused financial services company with over $63 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 People's United Financial (PBCT, PBCTP)?

The dividend amount declared is $0.3515625 per share.

When is the dividend payment date for People's United Financial's preferred stock?

The dividend is payable on March 15, 2021.

What is the record date for the dividend payment from People's United Financial?

The record date for the dividend payment is March 1, 2021.

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

People's United Financial operates over 400 retail locations.

What financial services does People's United Financial offer?

People's United Financial offers commercial and retail banking, as well as wealth management solutions.