PHILADELPHIA, Dec. 16 /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
$0.03 per share on its common stock. The dividend is payable on February 15,
2005 to common stock shareholders of record on January 20, 2005.
In addition, a dividend payment of $0.546875 per share is payable on
December 31, 2004 on Sovereign's Preferred Securities issued by Sovereign
Capital Trust III (NYSE: SOVPRA) to holders of record on December 30, 2004.
Sovereign Bancorp, Inc., ("Sovereign") (NYSE: SOV), is the parent company
of Sovereign Bank, pro forma a $60 billion financial institution with more
than 650 community banking offices, over 1,000 ATMs and approximately 9,500
team members in Connecticut, Maryland, Massachusetts, New Hampshire, New
Jersey, New York, Pennsylvania and Rhode Island. In addition to full-service
retail banking, Sovereign offers a broad array of financial services and
products including business and corporate banking, cash management, capital
markets, trust and wealth management and insurance. Pro forma for pending
acquisitions, 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.
SOURCE Sovereign Bancorp, Inc.
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Related links:
http://www.sovereignbank.com
CONTACT:
FINANCIAL: Jim Hogan, +1-610-320-8496, or
jhogan@sovereignbank.com, or Mark McCollom, +1-610-208-6426, or
mmccollo@sovereignbank.com, or Stacey Weikel, +1-610-208-6112, or
sweikel@sovereignbank.com; or MEDIA: Ed Shultz, +1-610-378-6159,
or eshultz1@sovereignbank.com, all of Sovereign Bancorp
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