Leading Puerto Rican Bank Makes Key Payments to Shareholders

  • Popular, Inc. declares monthly cash dividend on Non-Cumulative Monthly Income Preferred Stock
  • Monthly distribution announced for Trust Preferred Securities issued by Popular Capital Trust II
  • Popular, Inc. is the leading financial institution in Puerto Rico and among top 50 U.S. bank holding companies by assets

Popular, Inc., the leading financial institution in Puerto Rico and among the top 50 U.S. bank holding companies by assets, has declared a monthly cash dividend of $0.132813 per share for its 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A and a monthly distribution of $0.127604 per security for its 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II. The company, founded in 1893 as Banco Popular de Puerto Rico, provides various banking services across Puerto Rico, U.S. Virgin Islands, and the mainland United States through its subsidiaries.

Factuality Level: 10
Factuality Justification: The article is a straightforward announcement of dividend and distribution declarations by the company. It provides accurate information about the company’s financial products and services without any irrelevant or sensational content, bias, or logical errors.
Noise Level: 1
Noise Justification: The article is a simple announcement of dividend payments and distributions by a financial institution. It provides no analysis or insight beyond the basic facts of the event.
Public Companies: Popular, Inc. (BPOP)
Private Companies: Banco Popular de Puerto Rico,Popular Capital Trust II,Popular Bank
Key People:

Track all markets on TradingView

Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses the declaration of dividends and distributions by Popular, Inc., a financial institution. While it does not directly impact financial markets or specific companies, it is relevant to financial topics as it pertains to a bank’s operations and its subsidiaries.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no mention of an extreme event in the text.
Move Size: No market move size mentioned.
Sector: Finance
Direction: Up
Magnitude: Small
Affected Instruments: Preferred Stock, Trust Preferred Securities

Reported publicly: www.businesswire.com