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Popular Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities

By on January 4, 2016

SAN JUAN — Popular Inc. announced Monday 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 February 1, 2016, to holders of record as of January 15, 2016; and
  • a monthly cash dividend of $0.171875 per share of 8.250% Non-cumulative Monthly Income Preferred Stock, Series B, payable on February 1, 2016, to holders of record as of January 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 6.700% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, payable on February 1, 2016, to holders of record as of January 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 February 1, 2016 to holders of record as of January 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. In the mainland U.S., Popular has a community-banking franchise with branches in New York, New Jersey and Florida.

By Caribbean Business staff

 

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