Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities
July 03 2015 - 10:28AM
Business Wire
Popular, Inc. (NASDAQ:BPOP) announced today that it has declared
the following monthly cash dividends on its outstanding shares of
Non-cumulative Monthly Income Preferred Stock:
- a monthly cash dividend of $0.1328125
per share of 6.375% Non-cumulative Monthly Income Preferred Stock,
2003 Series A, payable on July 31, 2015 to holders of record as of
July 15, 2015; and
- a monthly cash dividend of $0.171875
per share of 8.250% Non-cumulative Monthly Income Preferred Stock,
Series B, payable on July 31, 2015 to holders of record as of July
15, 2015.
The Corporation also announced the following monthly
distributions on its outstanding Trust Preferred Securities:
- a monthly distribution of $0.1395833
per security of 6.700% Cumulative Monthly Income Trust Preferred
Securities issued by Popular Capital Trust I, payable on August 3,
2015 to holders of record as of July 15, 2015; 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 August 3,
2015 to holders of record as of July 15, 2015.
Founded in 1893, Popular, Inc. is the leading banking
institution by both assets and deposits in Puerto Rico and ranks
among the top 50 U.S. banks by assets. In the United States,
Popular has established a community-banking franchise providing a
broad range of financial services and products with branches in New
York, New Jersey and Florida.
For more information, visit http://www.popular.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20150703005186/en/
Popular, Inc.Investor Relations:Brett Scheiner,
212-417-6721Investor Relations OfficerorMedia
Relations:Teruca Rullán, 787-281-5170 or
917-679-3596 (mobile)Senior Vice President, Corporate
Communications
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