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Doral Financial Corporation: Doral Financial Corporation Declares Cash Dividend on Four Series of Preferred Stock

^{Published on 2009-02-05 07:41:57, Last Modified on 2009-02-05 07:42:30 - Market Wire}
 

SAN JUAN, PUERTO RICO--(Marketwire - February 5, 2009) - Doral Financial Corporation (NYSE: [ DRL ]), a diversified financial services company, announced that it had declared the regular monthly cash dividends on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock, Series B (the "Series B Preferred Stock") and 7.25% Noncumulative Monthly Income Preferred Stock, Series C (the "Series C Preferred Stock") for the months of January, February and March. The monthly dividend for the Series A, B and C preferred stock is $0.2917, $0.173958, $0.151042 per share, respectively and payable on February 2, 2009, March 2, 2009 and March 31, 2009. In the case of Series A Preferred Stock, the dividend is payable holders of record as of close of business on January 29, February 27, and March 29, 2009, with respect to the January, February and March monthly dividends respectively. In the case of the Series B and Series C Preferred Stock, the dividend is payable to holders of record as of close of business on January 15, February 15 and March 15, 2009, with respect to the January, February and March monthly dividends respectively.

Doral Financial Corporation also declared the quarterly dividend on the Company's 4.75% Perpetual Cumulative Convertible Preferred Stock, in the amount of $2.96875 per share. The dividend is payable on March 16, 2009 to holders of record as of the close of business on March 1, 2009.