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 $0.1328125 per share of 6.375%
Non-cumulative Monthly Income Preferred Stock, 2003 Series A, payable
on February 28, 2014 to holders of record as of February 15, 2014; and
a monthly cash dividend of $0.171875 per share of 8.25% Non-cumulative
Monthly Income Preferred Stock, Series B, payable on February 28, 2014
to holders of record as of February 15, 2014.
The Corporation also announced the declaration of the following monthly
distributions on its outstanding Trust Preferred Securities:
a monthly distribution of $0.13958333 per security of 6.70% Cumulative
Monthly Income Trust Preferred Securities issued by Popular Capital
Trust I, payable on March 03, 2014 to holders of record as of February
15, 2014; 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 March 03, 2014 to holders of record as of
February 15, 2014.
Founded in 1893, Popular, Inc. is the leading banking institution by
both assets and deposits in Puerto Rico and ranks among the 40 largest
U.S. banks by assets. In the United States, Popular has established a
community-banking franchise, doing business as Popular Community Bank,
providing a broad range of financial services and products with branches
in New York, New Jersey, Illinois, Florida and California.
For more information, visit http://www.popular.com.
Popular, Inc. Investor Relations: Carlos J. Vazquez, 787-771-3112 Chief
Financial Officer, Executive Vice President or Media
Relations: Teruca Rullán, 787-281-5170 or
917-679-3596 (mobile) Senior Vice President, Corporate
Communications
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.