PHILADELPHIA – Sovereign Bancorp Inc., the parent company of Sovereign Bank, has declared dividends on Sovereign’s preferred stock and Capital Trust V securities.
A dividend of 45.625 cents per share will be paid to holders of Sovereign Series C Non-Cumulative Perpetual Preferred Stock on Aug. 15. Only the holders of record on Aug. 1 will be eligible for the dividend.
Also a dividend of 48.4375 cents per share will be paid to holders of Sovereign Capital Trust V Securities on Aug. 15. Holders of record will eligible for the dividend on Aug. 14.
Sovereign Bancorp Inc. (NYSE: SOV), the parent company of Sovereign Bank, is a $90 billion financial institution with nearly 800 community banking offices, more than 2,000 ATMs and about 12,000 employees mostly in the Northeast. For additional information, visit www.sovereignbank.com.
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