Popular, Inc. : Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities
July 03, 2018 at 02:52 pm EDT
Share
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 $0.132813 per share of 6.375%
Non-cumulative Monthly Income Preferred Stock, 2003 Series A, payable
on July 31, 2018, to holders of record as of July 15, 2018; and
a monthly cash dividend of $0.171875 per share of 8.250%
Non-cumulative Monthly Income Preferred Stock, Series B, payable on
July 31, 2018 to holders of record as of July 15, 2018.
The Corporation also announced the following monthly distributions on
its outstanding Trust Preferred Securities:
a monthly distribution of $0.139583 per security of 6.700% Cumulative
Monthly Income Trust Preferred Securities issued by Popular Capital
Trust I, payable on August 1, 2018 to holders of record as of July 15,
2018; 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 August 1, 2018 to holders of record as of July
15, 2018.
About Popular, Inc.
Popular, Inc. is the leading financial institution in Puerto Rico, in
both assets and deposits, and ranks among the top 50 U.S. bank holding
companies by assets. Founded in 1893, Banco Popular de Puerto Rico,
Popular’s principal subsidiary, provides retail, mortgage and commercial
banking services in Puerto Rico and the U.S. Virgin Islands. Popular
also offers auto and equipment leasing and financing, investment
banking, broker-dealer and insurance services through specialized
subsidiaries. In the mainland United States, Popular provides retail,
mortgage and commercial banking services through its New York-chartered
banking subsidiary, Popular Bank, which has branches located in New
York, New Jersey and Florida.
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Popular, Inc. (Popular) is a financial holding company. The Company operates in two segments: Banco Popular de Puerto Rico (BPPR), which includes its Puerto Rico business, and Banco Popular North America (BPNA), which includes its the United States mainland business. The Company has operations in Puerto Rico, the United States and the Caribbean. The Company's BPPR segment provides retail, mortgage and commercial banking services through its banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, investment banking, broker-dealer and insurance services through specialized subsidiaries. The Company's BPNA segment consists of Popular North America, Inc. (PNA) functioning as the holding company for its operations in the United States. It also operates PNA's subsidiary, E-LOAN, Inc. The banking operations of BPNA in the United States mainland are based in New York, Florida and New Jersey, conducted under the name of Popular Community Bank.