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Popular, Inc. Declares Dividends on Preferred Stock

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  Published in Business and Finance on Friday, January 21st 2011 at 12:05 GMT by Market Wire
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SAN JUAN, Puerto Rico--([ BUSINESS WIRE ])--Popular, Inc. (Nasdaq: BPOP) announced today that it 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, to be paid on January 31, 2011 to holders of record as of January 26, 2011; and
• a monthly cash dividend of $0.171875 per share of 8.25% Non-cumulative Monthly Income Preferred Stock, Series B, to be paid on January 31, 2011 to holders of record as of January 26, 2011

Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and ranks 35th by assets among U.S. banks. In the United States, Popular has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey, Illinois, Florida and California.