PHILADELPHIA, June 15 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc.
("Sovereign") (NYSE: SOV), parent company of Sovereign Bank, announced that
its Board of Directors has declared a regular quarterly cash dividend of
$0.04 per share on its common stock. The dividend is payable on August 15,
2005 to common stock shareholders of record on August 1, 2005.
In addition, a dividend payment of $0.546875 per share is payable on June
30, 2005 on Sovereign's Preferred Securities issued by Sovereign Capital Trust
III (NYSE: SOVPRA) to holders of record on June 29, 2005.
Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent company
of Sovereign Bank, a $59 billion financial institution with more than 650
community banking offices, over 1,000 ATMs and approximately 10,000 team
members with principal markets in the Northeast United States. Sovereign
offers a broad array of financial services and products including retail
banking, business and corporate banking, cash management, capital markets,
trust and wealth management and insurance. Sovereign is the 19th largest
banking institution in the United States. For more information on Sovereign
Bank, visit http://www.sovereignbank.com or call 1-877-SOV-BANK.
SOURCE Sovereign Bancorp, Inc.
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Related links:
http://www.sovereignbank.com
CONTACT:
FINANCIAL: Mark McCollom, +1-610-208-6426,
mmccollo@sovereignbank.com, or Stacey Weikel, +1-610-208-6112,
swiekel@sovereignbank.com, or MEDIA: Ed Shultz, +1-610-378-6159,
eshultz1@sovereignbank.com, all of Sovereign Bancorp
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