May 07, 2013 (M2 EQUITYBITES via COMTEX) -- Popular Inc (NASDAQ:BPOP) announced on Monday the latest dividends on its preferred stock and distributions on its trust preferred securities.
The bank will pay a monthly cash dividend of USD0.1328125 per share on its 6.375% non-cumulative monthly income preferred stock, 2003 Series A, and USD0.171875 per share on its 8.25% non-cumulative monthly income preferred stock, Series B. Both are due on 31 May 2013, to holders of record as of 15 May 2013.
Additionally, the bank declared a monthly distribution of USD0.13958333 per security of 6.70% cumulative monthly income trust preferred securities issued by Popular Capital Trust I, and USD0.127604 per security of 6.125% cumulative monthly income trust preferred securities issued by Popular Capital Trust II. These are both payable on 3 June 2013, to holders of record as of 15 May 2013.
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