Doral Financial Corp: Key Developments
Doral Financial Corp. Suspended Payment Of Dividends
March 20, 2009 |
| Doral Financial Corp. announced that its Board of Directors have suspended the payment of dividends on all its outstanding series of cumulative and non-cumulative preferred stock. This suspension is effective with the dividends for the month of April 2009, for the Company's three outstanding series of non-cumulative preferred stock and the dividends for the second quarter of 2009, for the Company's outstanding series of cumulative preferred stock. The three outstanding series of non-cumulative preferred stock of the Company are its 7.00% Noncumulative Monthly Income Preferred Stock, Series A, 8.35% Noncumulative Monthly Income Preferred Stock, Series B and 7.25% Noncumulative Monthly Income Preferred Stock, Series C. The one outstanding series of cumulative preferred stock of the Company is its 4.75% Perpetual Cumulative Convertible Preferred Stock. |
Doral Financial Corp. Declares Cash Dividend On Four Series Of Preferred Stock
February 5, 2009 |
| Doral Financial Corp. announced that it had declared the regular monthly cash dividends on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (Series A Preferred Stock), 8.35% Noncumulative Monthly Income Preferred Stock, Series B (Series B Preferred Stock) and 7.25% Noncumulative Monthly Income Preferred Stock, Series C (Series C Preferred Stock) for the months of January, February and March. The monthly dividend for the Series A, B and C preferred stock is $0.2917, $0.173958, $0.151042 per share, respectively and payable on February 2, 2009, March 2, 2009 and March 31, 2009. In the case of Series A Preferred Stock, the dividend is payable holders of record as of close of business on January 29, February 27, and March 29, 2009, with respect to the January, February and March monthly dividends respectively. In the case of the Series B and Series C Preferred Stock, the dividend is payable to holders of record as of close of business on January 15, February 15 and March 15, 2009, with respect to the January, February and March monthly dividends respectively. The Company also declared the quarterly dividend on the Company's 4.75% Perpetual Cumulative Convertible Preferred Stock, in the amount of $2.96875 per share. The dividend is payable on March 16, 2009, to holders of record as of the close of business on March 1, 2009. |
Doral Financial Corp. To Delay Quarterly Report Filing-DJ
November 12, 2008 |
| Dow Jones reported that Doral Financial Corp. said it is unable to timely file with the Securities and Exchange Commission its quarterly report for the quarter ended September 30 as a result of delays in the preparation of its financial statements. The Company expects to file this quarterly report on or before Friday. |
Doral Financial Corp. Declares Cash Dividend on Four Series of Preferred Stock
November 6, 2008 |
| Doral Financial Corp. announced that it had declared the regular monthly cash dividends on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the Series A Preferred Stock), 8.35% Noncumulative Monthly Income Preferred Stock, Series B (the Series B Preferred Stock) and 7.25% Noncumulative Monthly Income Preferred Stock, Series C (the Series C Preferred Stock) for the months of October, November and December. The monthly dividend for the Series A, B and C preferred stock is $0.2917, $0.173958, $0.151042 per share, respectively and payable on October 31, 2008, December 1, 2008 and December 31, 2008. In the case of Series A Preferred Stock, the dividend is payable holders of record as of close of business on October 29, November 27, and December 29, 2008, with respect to the October, November and December monthly dividends respectively. In the case of the Series B and Series C Preferred Stock, the dividend is payable to holders of record as of close of business on October 15, November 15 and December 15, 2008, with respect to the October, November and December monthly dividends respectively. |
Doral Financial Corp.'s Doral Insurance Agency, Inc. Acquires CitiSeguros Retail Bank Insurance Portfolio
February 27, 2008 |
| Doral Financial Corp.'s Doral Insurance Agency, Inc. announced the acquisition of the CitiSeguros PR Retail Bank insurance portfolio. The transaction with CitiSeguros, a Citigroup subsidiary, will add more than 10,000 new clients with insurance policies in personal and commercial lines, including health, life, disability, auto, property, and casualty. |
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