Popular Declares Dividends on its Preferred Stock
SAN JUAN – Puerto Rico-based Popular Inc., the bank holding company of Banco Popular, announced Friday that it had 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 June 30, 2016, to holders of record as of June 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 June 30, 2016, to holders of record as of June, 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 July 1, 2016, to holders of record as of June 15, 2015; 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 July 1, 2016 to holders of record as of June 15, 2016.
Popular is the leading banking institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. banks by assets.
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