Popular, Inc. Declares Dividend on Preferred Stock and Announces Distribution on Trust Preferred Securities
Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Very Positive)
Tags
dividends
Key Terms
non-cumulative monthly income preferred stockfinancial
A non-cumulative monthly income preferred stock is a type of preferred share that pays dividend income every month but does not require the issuer to make up missed payments later. Think of it like a monthly rental check: investors receive steady cash flow when the company pays, but if a payment is skipped the unpaid amount is lost rather than owed in the future. Investors care because it offers regular income with higher priority than common stock but with the risk that missed dividends are not recoverable.
trust preferred securitiesfinancial
Trust preferred securities are a hybrid investment that blends features of bonds and stocks: an issuing company places assets into a separate trust which sells these securities and passes regular payments to holders much like bond interest. They can behave like equity for regulatory or accounting purposes while still offering a fixed-income stream, so they matter to investors because they carry higher income than plain bonds but also higher risk and potential sensitivity to issuer capital and credit moves.
SAN JUAN, Puerto Rico--(BUSINESS WIRE)--
Popular, Inc. (NASDAQ: BPOP) announced today that it has declared the following monthly cash dividend on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock:
a monthly cash dividend of $0.132813 per share of 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, payable on December 31, 2025 to holders of record as of December 15, 2025.
The Corporation also announced the following monthly distribution on its outstanding Trust Preferred Securities:
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 January 2, 2026 to holders of record as of December 15, 2025.
About Popular, Inc.
Popular, Inc. (NASDAQ: BPOP) is the leading financial institution by both assets and deposits in Puerto Rico and ranks among the top 50 U.S. bank holding companies by assets. Founded in 1893, Banco Popular de Puerto Rico, Popular’s principal subsidiary, provides retail, mortgage and commercial banking services in Puerto Rico and the U.S. and British Virgin Islands, as well as auto and equipment leasing and financing in Puerto Rico. Popular also offers broker-dealer and insurance services in Puerto Rico through specialized subsidiaries. In the mainland United States, Popular provides retail, mortgage and commercial banking services through its New York-chartered banking subsidiary, Popular Bank, which has branches located in New York, New Jersey and Florida.
