Santander BanCorp Declares Common Shares Dividend
26 Mai 2007 - 12:39AM
PR Newswire (US)
SAN JUAN, Puerto Rico, May 25 /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 2, 2007 to shareholders of record
as of June 8, 2007. 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.
Institutional Background Santander BanCorp is a publicly held
financial holding company that is traded on the New York Stock
Exchange (SBP) and on Latibex (Madrid Stock Exchange) (XSBP). 91%
of the outstanding common stock of Santander BanCorp is owned by
Banco Santander Central Hispano, S.A (Santander). The Corporation
has five wholly owned subsidiaries, Banco Santander Puerto Rico,
Santander Securities Corporation, Santander Financial Services,
Inc., Santander Insurance Agency, Inc. and Island Insurance
Corporation. Banco Santander Puerto Rico has been operating in
Puerto Rico for nearly three decades. It offers a full array of
services through 61 branches in the areas of commercial, mortgage
and consumer banking, supported by a team of over 1,100 employees.
Santander Securities offers securities brokerage services and
provides portfolio management services through its wholly owned
subsidiary Santander Asset Management Corporation. Santander
Financial Services, Inc. offers consumer finance products through
its network of 70 branches throughout the Island. 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 (SAN.MC, STD.N) is the
largest bank in the Euro Zone by market capitalization and seventh
in the world by profit. Founded in 1857, Santander has EUR 833,873
million in assets and EUR 1,000,996 million in managed funds, 67
million customers, 10,852 branches and a presence in 40 countries.
It is the largest financial group in Spain and Latin America, and
is the sixth largest bank in the United Kingdom, through its Abbey
subsidiary, and operates in Portugal, where it is the third largest
banking group. Through Santander Consumer Finance, it also operates
a leading consumer finance franchise in Germany, Italy, Spain and
nine other European countries. In 2006, Santander registered ?7,596
million in net attributable profits, an increase of 22% from the
previous year. In Latin America, Santander manages over US$250
billion in banking business volumes (loans, deposits, mutual funds,
pension funds and managed funds) through 4,370 offices. In 2006,
Santander reported US$1,409 million in net attributable income in
Latin America, 29% higher than the prior year. This news release
contains forward-looking statements that are based on current
expectations, estimates, forecasts and projections about the
industry in which the Company operates, its beliefs and its
management's assumptions. Words such as "expects," "anticipates,"
"targets," "goals," "projects," "intends," "plans," "believes,"
"seeks," "estimates" and variations of such words and similar
expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and involve certain risks, uncertainties and
assumptions that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed
or forecast in such forward-looking statements. Except as otherwise
required under federal securities laws and the rules and
regulations of the SEC, the Company does not have any intention or
obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, changes in
assumptions or otherwise. 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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