Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities
September 02 2016 - 1:31PM
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 September 30, 2016, to holders of record
as of September 15, 2016; and
- a monthly cash dividend of $0.171875
per share of 8.250% Non-cumulative Monthly Income Preferred Stock,
Series B, payable on September 30, 2016, to holders of record as of
September 15, 2016.
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 October 3,
2016, to holders of record as of September 15, 2016; 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 October
3, 2016 to holders of record as of September 15, 2016.
About Popular, Inc.
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. Popular provides retail,
mortgage and commercial banking services through its principal
banking subsidiary, Banco Popular de Puerto Rico, as well as auto
and equipment leasing and financing, investment banking,
broker-dealer and insurance services through specialized
subsidiaries. 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 under the name of Popular Community Bank.
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version on businesswire.com: http://www.businesswire.com/news/home/20160902005611/en/
Popular, Inc.Investor Relations: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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