Santander BanCorp Declares Common Shares Dividend for the Second Quarter
May 31 2005 - 8:13AM
PR Newswire (US)
Santander BanCorp Declares Common Shares Dividend for the Second
Quarter SAN JUAN, Puerto Rico, May 31 /PRNewswire-FirstCall/ -- The
Board of Directors of Santander BanCorp (NYSE: SBP; LATIBEX: XSBP),
declared a cash dividend amounting to $0.16 per common share. The
dividend shall be payable on July 1, 2005 to shareholders of record
as of June 10, 2005. Cash dividends on common shares are eligible
for direct reinvestment under the Company's Dividend Reinvestment
and Cash Purchase Plan. For additional information on how to
participate in Santander BanCorp's Dividend Reinvestment and Cash
Purchase Plan, shareholders should contact our transfer agent and
registrar, Mellon Investor Services LLC, at (800) 851-9677.
Santander BanCorp is a publicly held financial holding company that
is traded on the New York Stock Exchange and on Latibex (Madrid
Stock Exchange). It has three wholly owned subsidiaries, Banco
Santander Puerto Rico, Santander Securities Corporation and
Santander Insurance Agency. Banco Santander Puerto Rico has been
operating in Puerto Rico for nearly three decades. It offers a full
array of services through 65 branches in the areas of commercial,
mortgage and consumer banking, supported by a team of 1,600
employees. Santander Securities offers securities brokerage
services and provides portfolio management services through its
wholly owned subsidiary Santander Asset Management Corporation.
Santander Insurance Agency offers life, health and disability
coverage as a corporate agent and also operates as a general agent.
For more information, visit the Company's website at
http://www.santandernet.com/. Santander BanCorp is an 89%
subsidiary of Banco Santander Central Hispano, S.A (Santander).
Santander (SAN.MC, STD.N) ranks among the top 10 banks in the world
and is the top bank in the Euro zone by market capitalization.
Founded in 1857, it has 60 million clients, 9,970 offices and
presence in more than 40 countries. It is the leading Financial
Group in Spain and Latin America and develops an important business
activity in Europe, where it has reached an outstanding presence in
the United Kingdom through Abbey Bank. It is also the owner of the
third financial group in Portugal as well as Santander Consumer
Finance, a leading consumer financing unit with presence in
Germany, Italy and other 9 European countries. Santander is the
leading banking franchise in Latin America, where it maintains
business volumes exceeding $122 billion (loans, deposits and on and
off - balance sheet funds under management), has more than 4.000
offices and presence in 10 countries. In 2004, Santander reached a
net profit of $1,812 million in Latin America, 9% more than the
previous year, with a net attributable of US$1,6 billion.
DATASOURCE: Santander BanCorp CONTACT: Maria Calero,
+1-787-751-6640, or Evelyn Vega, +1-787-777-4546, both of Santander
BanCorp Web site: http://www.santandernet.com/
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