Popular, Inc. Declares Cash Dividend
November 22 2005 - 11:14AM
PR Newswire (US)
SAN JUAN, Puerto Rico, Nov. 22 /PRNewswire-FirstCall/ -- At its
meeting held on November 16, 2005, the Board of Directors of
Popular, Inc. (NYSE:BPOP) declared a cash dividend of $0.16 per
common share. The dividend is payable on January 2, 2006, to
shareholders of record on December 9, 2005. 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. The Corporation's
consumer 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. 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. Popular is ranked
among FORTUNE magazine's 2005 100 Best Companies to Work For. An
electronic version of this release can be found at the Corporate
website, 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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