Market Overview

Popular, Inc. Declares Dividends on Preferred Stock, Announces Distribution on Trust Preferred Securities

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Popular, Inc. (NASDAQ:BPOP) announced today that it has declared the
following monthly cash dividends on its outstanding shares of
Non-cumulative Monthly Income Preferred Stock:

  • a monthly cash dividend of $0.132813 per share of 6.375%
    Non-cumulative Monthly Income Preferred Stock, 2003 Series A, payable
    on August 31, 2018, to holders of record as of August 15, 2018; and
  • a monthly cash dividend of $0.171875 per share of 8.250%
    Non-cumulative Monthly Income Preferred Stock, Series B, payable on
    August 31, 2018, to holders of record as of August 15, 2018.

The Corporation also announced the following monthly distributions on
its outstanding Trust Preferred Securities:

  • a monthly distribution of $0.139583 per security of 6.700% Cumulative
    Monthly Income Trust Preferred Securities issued by Popular Capital
    Trust I, payable on September 4, 2018 to holders of record as of
    August 15, 2018; and
  • a monthly distribution of $0.127604 per security of 6.125% Cumulative
    Monthly Income Trust Preferred Securities issued by Popular Capital
    Trust II, payable on September 4, 2018 to holders of record as of
    August 15, 2018.

About Popular, Inc.

Popular, Inc. is the leading financial institution by both assets and
deposits in Puerto Rico and ranks among the top 50 U.S. bank holding
companies by assets. Founded in 1893, Banco Popular de Puerto Rico,
Popular's principal subsidiary, provides retail, mortgage and commercial
banking services in Puerto Rico and the U.S. Virgin Islands. Popular
also offers in Puerto Rico auto and equipment leasing and financing,
investment banking, broker-dealer and insurance services through
specialized subsidiaries. In the mainland United States, Popular
provides retail, mortgage and commercial banking services through its
New York-chartered banking subsidiary, Popular Bank, which has branches
located in New York, New Jersey and Florida.

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