Popular Declares Monthly Dividends

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Popular is attempting to maintain a degree of popularity with its investors by handing out a fresh set of monthly dividends. The bank has declared a pair of preferred stock distributions, specifically $0.1328125 per share of its series A and $0.171875 per share of its series B. Both are to be dispensed on Oct. 31 to holders of record as of Oct. 15. 

The bank will also distribute payouts for investors holding its trust preferred securities. These are to be $0.13958333 per each of its 6.70% preferreds, and $0.127604 for the 6.125% variety. The two share the same record and payment dates, which are Oct. 15 and Nov. 1, respectively.

Popular's most recent closing stock price was $26.13.


The article Popular Declares Monthly Dividends originally appeared on Fool.com.

Fool contributor Eric Volkman has no position in Popular. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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