Popular, Inc. Declares Cash Dividend
May 24 2006 - 8:00AM
PR Newswire (US)
SAN JUAN, Puerto Rico, May 24 /PRNewswire-FirstCall/ -- At its
meeting held on May 17, 2006, the Board of Directors of Popular,
Inc. declared a cash dividend of $0.16 per common share. The
dividend is payable on July 3, 2006 to shareholders of record at
the close of business on June 9, 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. 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 assets acquisition 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.popular.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, +1-917-679-3596, both of Popular,
Inc. Web site: http://www.popular.com/
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