On Tuesday, Popular, Inc. (NASDAQ: BPOP), a leading financial institution in Puerto Rico, announced the declaration of monthly cash dividends on its outstanding shares of Non-Cumulative Monthly Income Preferred Stock and Trust Preferred Securities. The dividend for the 6.375% Non-Cumulative Monthly Income Preferred Stock, 2003 Series A, is $0.132813 per share, payable on October 2, 2023, to holders of record as of September 15, 2023. Additionally, the distribution for the 6.125% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust II is $0.127604 per security, also payable on October 2, 2023, to holders of record as of September 15, 2023.
Founded in 1893, Popular, Inc., with its principal subsidiary Banco Popular de Puerto Rico, provides various banking services in Puerto Rico and the U.S. Virgin Islands. In the mainland United States, through its New York-chartered banking subsidiary, Popular Bank, it offers retail, mortgage and commercial banking services in New York, New Jersey and Florida.
In other dividend-related news from Tuesday, SITE Centers Corp. (NYSE: NYSE:SITC), an owner and manager of open-air shopping centers located in suburban high household income communities, declared its third quarter 2023 Preferred Class A stock dividend of $0.39844 per depositary share. Each Class A depositary share is equivalent to one-twentieth of a share of SITE Centers’ 6.375% Class A Cumulative Redeemable Preferred Stock. The declared Preferred Class A dividend covers the period beginning July 15, 2023 and ending October 14, 2023. It will be payable in cash on October 16, 2023 to shareholders of record at the close of business on September 29, 2023.
SITE Centers Corp., a self-administered and self-managed REIT operating as a fully integrated real estate company, is publicly traded on the New York Stock Exchange under the ticker symbol SITC.
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