Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities
March 05 2012 - 4:02PM
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 April 2, 2012 to holders of record as of
March 15, 2012; and
- a monthly cash dividend of $0.171875
per share of 8.25% Non-Cumulative Monthly Income Preferred Stock,
Series B, payable on April 2, 2012 to holders of record as of March
15, 2012.
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 2,
2012 to holders of record as of March 15, 2012; 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 2,
2012 to holders of record as of March 15, 2012.
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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