First BanCorp. Announces Payment of Dividends on Preferred Stock
10/01/2021 - 04:45 PM
SAN JUAN, Puerto Rico --(BUSINESS WIRE)--
First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico , announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”):
Series
Annual
Dividend
Rate (%)
Monthly
Dividend Per
Share
Outstanding
Shares
Record Date
Payment Date
(a)
(b)
(c)
A
7.125%
$0.14843750
197,386
October 28, 2021
November 1, 2021
B
8.35%
$0.17395800
296,146
October 15, 2021
November 1, 2021
C
7.40%
$0.15416670
249,852
October 15, 2021
November 1, 2021
D
7.25%
$0.15104167
285,522
October 15, 2021
November 1, 2021
E
7.00%
$0.14583330
415,240
October 15, 2021
November 1, 2021
About First BanCorp.
First BanCorp. is the parent corporation of FirstBank Puerto Rico , a state-chartered commercial bank with operations in Puerto Rico , the U.S. and British Virgin Islands and Florida , and of FirstBank Insurance Agency, LLC . Among the subsidiaries of FirstBank Puerto Rico are First Federal Finance Limited Liability Company and First Express, Inc. , both small loan companies. First BanCorp’s shares of common stock trade on the New York Stock Exchange under the symbol “FBP.”
Safe Harbor
This press release may contain “forward-looking statements” concerning the Corporation. The words or phrases “expect,” “anticipate,” “intend,” “look forward,” “should,” “would,” “believes” and similar expressions are meant to identify “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and are subject to the safe harbor created by such sections. Such forward-looking statements include, but are not limited to, statements regarding the Corporation’s ability to declare dividends on the Corporation’s Preferred Stock in any future periods. Such statements are subject to known and unknown risks, uncertainties and contingencies that may cause actual results to differ materially from the expectations, intentions, beliefs, plans, estimates or predictions of the future expressed or implied by such forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to the factors described in the Corporation’s Annual Report on Form 10-K, in its Quarterly Reports on Form 10-Q and in other filings with the SEC . The Corporation does not undertake, and specifically disclaims any obligation, to update any “forward-looking statements” to reflect occurrences or unanticipated events or circumstances after the date of such statements, except as required by the federal securities laws.
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First BanCorp.
Orlando Berges
Chief Financial Officer
787-729-8170
orlando.berges@firstbankpr.com
Source: First BanCorp.
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Industry
Commercial Banking
Sector
Finance and Insurance
Tags
Finance, Regional Banks, Finance and Insurance, Commercial Banking
About FBP
sustentado con más de 65 años de historia, firstbank es uno de los bancos puertorriqueños con mayor solidez, operando sobre 140 sucursales, oficinas y centros de servicio a través de puerto rico, islas vírgenes y florida. nosotros en firstbank atendemos a nuestros clientes como si el banco fuera de cada uno. a través de nuestro equipo de expertos e innovadores productos y servicios, continuamente logramos hacerle la vida más fácil a nuestros clientes; incluyendo individuos, pequeños y medianos negocios y corporaciones. ¡déjanos mostrarte el lado humano de la banca!