Popular, Inc. Declares Cash Dividend
August 17 2006 - 12:22PM
PR Newswire (US)
SAN JUAN, Puerto Rico, Aug. 17 /PRNewswire-FirstCall/ -- At its
meeting held on August 16, 2006, the Board of Directors of Popular,
Inc. (NYSE:BPOP) declared a cash dividend of $0.16 per common
share. The dividend is payable on October 2, 2006, to shareholders
of record at the close of business on September 8, 2006. Popular,
Inc. is a full-service financial services provider with operations
in Puerto Rico, the United States, the Caribbean and Latin America.
As the leading financial institution in Puerto Rico with over 280
branches and offices, the Corporation offers retail and commercial
banking services through its banking subsidiary, Banco Popular de
Puerto Rico, as well as investment banking, auto and equipment
leasing and financing, mortgage loans, consumer lending, insurance
and information processing through specialized subsidiaries. In the
United States, the Corporation has established the largest
Hispanic-owned financial services franchise, providing complete
financial solutions to all the communities it serves. Banco Popular
North America operates over 135 branches in California, Texas,
Illinois, New York, New Jersey and Florida, as well as 112
financial services stores under the name of Popular Cash Express.
The Corporation's finance subsidiary in the United States, Popular
Financial Holdings, operates nearly 200 retail lending locations
offering mortgage and personal loans, and also maintains a
substantial wholesale broker network, a warehouse lending division,
loan servicing, and an asset acquisitions unit. PFH, through its
newly acquired subsidiary E-Loan, provides online consumer direct
lending to obtain mortgage, auto and home equity loans. The
Corporation continues to use its expertise in technology and
electronic banking as a competitive advantage in its Caribbean and
Latin America expansion, through its financial transaction
processing company, EVERTEC. The Corporation is exporting its 112
years of experience through the region while continuing its
commitment to meet the needs of retail and business clients through
innovation, and to fostering growth in the communities it serves.
An electronic version of this release can be found at the
Corporation website, http://www.popularinc.com/ . Visit our web
site at http://www.popularinc.com/ . DATASOURCE: Popular, Inc.
CONTACT: Jorge A. Junquera, Chief Financial Officer, Senior
Executive Vice President, +1-787-754-1685, or Teruca Rullan, Senior
Vice President, Corporate Communications, +1-787-281-5170, or
+1-917-679-3596, both of Popular, Inc. Web site:
http://www.popularinc.com/
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