Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities
March 04 2011 - 2:45PM
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 March 31, 2011 to holders of record as of
March 15, 2011; and
- a monthly cash dividend of $0.171875
per share of 8.25% Non-cumulative Monthly Income Preferred Stock,
Series B, payable on March 31, 2011 to holders of record as of
March 15, 2011.
The Corporation also announced the declaration of the following
monthly distributions on its outstanding Trust Preferred
Securities:
- a monthly distribution of $0.13958333
per security of 6.70% Cumulative Monthly Income Trust Preferred
Securities issued by Popular Capital Trust I, payable on April 1,
2011 to holders of record as of March 15, 2011; 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 April 1,
2011 to holders of record as of March 15, 2011.
The Corporation also announced the payment of the following
monthly cash dividends for the month of February 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 to holders of record as of February 23, 2011;
and
- a monthly cash dividend of $0.171875
per share of 8.25% Non-cumulative Monthly Income Preferred Stock,
Series B to holders of record as of February 23, 2011.
Founded in 1893, Popular, Inc. is the leading banking
institution by both assets and deposits in Puerto Rico and ranks
38th by assets among U.S. bank holding companies. 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, Illinois, Florida and
California.
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