PHILADELPHIA, June 22 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc.
("Sovereign") (NYSE: SOV), parent company of Sovereign Bank, announced
today that its Board of Directors has declared a regular quarterly cash
dividend of $.08 per share on its common stock. The cash dividend is
payable on August 15, 2006 to shareholders of record on August 1, 2006.
In addition to the common stock cash dividend, dividends were also
declared on Sovereign's Preferred Stock. A dividend payment of $.53229 per
depositary share is payable on August 15, 2006 to holders of record on
August 1, 2006 for the Sovereign Series C Non-Cumulative Perpetual
Preferred Stock (NYSE: SOVPRC). A dividend of $.44670 is payable on August
15, 2006 to holders of record on August 14, 2006 for the Sovereign Capital
Trust V Securities (NYSE: SOVPRB). A dividend of $0.546875 per share is
payable on June 30, 2006 on Sovereign's Preferred Securities issued by
Sovereign Capital Trust III (NYSE: SOVPRA) to holders of record on June 29,
2006.
Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent
company of Sovereign Bank, an $83 billion financial institution with nearly
800 community banking offices, over 2,000 ATMs after giving effect to the
recently announced branding agreement in which Sovereign ATMs will be
placed in CVS/pharmacy locations, and approximately 12,000 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, wealth
management and insurance. Sovereign is the 18th largest banking institution
in the United States. For more information on Sovereign Bank, visit
http://www.sovereignbank.com or call 1-877-SOV-BANK.
Note: "Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995. Statements in this press release regarding Sovereign
Bancorp's business which are not historical facts are "forward-looking
statements" that involve risks and uncertainties. For a discussion of such
risks and uncertainties, which could cause actual future events to differ
from those contained in the forward-looking statements, see
"Forward-Looking Statements" in the Company's Annual Report on Form 10-K
for the most recently ended fiscal year.
SOURCE Sovereign Bancorp, Inc.
 back to top
Related links:
http://www.sovereignbank.com
CONTACT:
FINANCIAL: Mark McCollom, +1-610-208-6426,
mmccollo@sovereignbank.com, or Stacey Weikel, +1-610-208-6112,
sweikel@sovereignbank.com; or MEDIA: Ed Shultz, +1-610-378-6159,
eshultz1@sovereignbank.com, all of Sovereign Bancorp, Inc.
|
