Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities
May 05 2011 - 5:54PM
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 May 31, 2011 to holders of record as of
May 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 May 31, 2011 to holders of record as of May
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 June 1,
2011 to holders of record as of May 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 June 1,
2011 to holders of record as of May 15, 2011.
Founded in 1893, Popular, Inc. is the leading banking
institution by both assets and deposits in Puerto Rico and ranks
35th by assets among U.S. banks. 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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