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

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--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 $0.1328125 per share of 6.375% Non-cumulative Monthly Income Preferred Stock, 2003 Series A, payable on March 31, 2011 to holders of record as of March 15, 2011; and
• a monthly cash dividend of $0.171875 per share of 8.25% Non-cumulative Monthly Income Preferred Stock, Series B, payable on March 31, 2011 to holders of record as of March 15, 2011.

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

• a monthly distribution of $0.13958333 per security of 6.70% Cumulative Monthly Income Trust Preferred Securities issued by Popular Capital Trust I, payable on April 1, 2011 to holders of record as of March 15, 2011; 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 April 1, 2011 to holders of record as of March 15, 2011.

The Corporation also announced the payment of the following monthly cash dividends for the month of February on its outstanding shares of Non-cumulative Monthly Income Preferred Stock:

• a monthly cash dividend of $0.1328125 per share of 6.375% Non-cumulative Monthly Income Preferred Stock, 2003 Series A to holders of record as of February 23, 2011; and
• a monthly cash dividend of $0.171875 per share of 8.25% Non-cumulative Monthly Income Preferred Stock, Series B to holders of record as of February 23, 2011.

Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and ranks 38^th by assets among U.S. bank holding companies. In the United States, Popular has established a community-banking franchise providing a broad range of financial services and products with branches in New York, New Jersey, Illinois, Florida and California.