Santander BanCorp Declares Common Shares Dividend
February 24 2006 - 8:57AM
PR Newswire (US)
SAN JUAN, Puerto Rico, Feb. 24 /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 April 3, 2006 to shareholders of
record as of March 10, 2006. 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.
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). Banco Santander Central Hispano,
S.A (Santander) owns 91% of the outstanding common stock of
Santander BanCorp. The Company has four wholly owned subsidiaries,
Banco Santander Puerto Rico, Santander Securities Corporation,
Santander Insurance Agency and Santander Financial Services, Inc.
Banco Santander Puerto Rico has been operating in Puerto Rico for
nearly three decades. It offers a full array of services through 64
branches in the areas of commercial, mortgage and consumer banking,
supported by a team of over 1,400 employees. Santander Securities
offers securities brokerage services and provides portfolio
management services through its wholly owned subsidiary Santander
Asset Management Corporation. 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 one of the largest worldwide. Founded in 1857,
Santander has 809,000 million euros in assets and 961,000 million
euros in managed funds, over 66 million customers, 129,000
employees, 10,200 offices and a presence in 40 countries. It is the
largest financial group in Spain and Latin America, and is a major
player elsewhere in Europe, including the United Kingdom through
its Abbey subsidiary and 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. As of December 2005, Santander
recorded 6,220 million euros in net attributable profits, 72,5%
more than in the previous year. In Latin America, Santander manages
over US$190 billion in business volumes (loans, deposits, mutual
funds and pension funds) through 4,100 offices. As of December
2005, Santander recorded in Latin America a net attributable income
of US$2,2 billion, 21% higher than prior year. First Call Analyst:
FCMN Contact: mvarela@schny.com DATASOURCE: Santander BanCorp
CONTACT: Evelyn Vega, +1-787-777-4546, or Maria Calero,
+1-787-777-4437 Web site: http://www.santandernet.com/
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