Tuesday, January 18, 2022

Popular Declares Cash Dividends on Preferred Stocks

By on March 3, 2016

SAN JUAN – Puerto Rico-based banking institution Popular Inc. announced Thursday 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 March 31, 2016, to holders of record as of March 15, 2016; and a monthly cash dividend of $0.171875 per share of 8.25% Non-cumulative Monthly Income Preferred Stock, Series B, payable on March 31, 2016, to holders of record as of March 15, 2016.

The corporation also announced the following monthly distributions on its outstanding trust preferred securities:

A monthly distribution of $0.1395833 per security of 6.7% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, payable on April 1, 2016, to holders of record as of March 15, 2016; 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 1, 2016 to holders of record as of March 15, 2016.

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