Popular Declares Dividend
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SAN JUAN, Puerto Rico, Nov. 21 /PRNewswire-FirstCall/ -- Popular, Inc. (Nasdaq: BPOP, BPOPO, BPOPP) announced today that at a meeting held on Thursday, November 20, 2008, its Board of Directors declared a cash dividend of $0.08 per common stock share, to be paid on January 2, 2009 to stockholders of record as of December 12, 2008.
Popular, Inc. is a full service financial services provider based in Puerto Rico with operations in Puerto Rico, the United States, the Caribbean and Latin America. As the leading financial institution in Puerto Rico, with over 300 branches and offices, the Corporation offers retail and commercial banking services through its principal banking subsidiary, Banco Popular de Puerto Rico, as well as auto and equipment leasing and financing, mortgage loans, consumer lending, investment banking, broker-dealer and insurance services through specialized subsidiaries. In the United States, the Corporation operates Banco Popular North America ("BPNA"), including its wholly-owned subsidiary E-LOAN, and Popular Financial Holdings ("PFH"). BPNA is a community bank providing a broad range of financial services and products to the communities it serves. BPNA operates branches in New York, California, Illinois, New Jersey, Florida and Texas. E-LOAN offers online consumer direct lending and provides an online platform to raise deposits for BPNA. PFH primarily continues to carry a loan portfolio and servicing related assets which are substantially held-for-sale. The Corporation, through its transaction processing company, EVERTEC, continues to use its expertise in technology as a competitive advantage in its expansion throughout the United States, the Caribbean and Latin America, as well as internally servicing many of its subsidiaries' system infrastructures and transactional processing businesses. The Corporation is exporting its 115 years of experience through these regions while continuing its commitment to meeting the needs of retail and business clients through innovation, and to fostering growth in the communities it serves.
SOURCE Popular, Inc.
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