First BanCorp. Announces Payment of Dividends on Preferred Stock

First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared the following monthly cash dividends on its outstanding shares of Series A through E Noncumulative Perpetual Monthly Income Preferred Stock (the “Preferred Stock”):

Series

 

Annual Dividend Rate (%)

 

Monthly Dividend Per Share

 

Outstanding Shares

 

Record Date

 

Payment Date

A

 

7.125%

 

$0.14843750

 

197,386

 

January 28, 2021

 

February 1, 2021

B

 

8.35%

 

$0.17395800

 

296,146

 

January 15, 2021

 

February 1, 2021

C

 

7.40%

 

$0.15416670

 

249,852

 

January 15, 2021

 

February 1, 2021

D

 

7.25%

 

$0.15104167

 

285,522