Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Shares Down 0.7% – What’s Next?

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM)’s stock price fell 0.7% during trading on Monday. The company traded as low as $25.15 and last traded at $25.1730. 7,686 shares traded hands during trading, an increase of 96% from the average session volume of 3,914 shares. The stock had previously closed at $25.34.

Popular Capital Trust II PFD GTD 6.125% Price Performance

The stock’s 50-day moving average price is $25.20 and its 200-day moving average price is $25.24.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be paid a $0.1276 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, October 15th.

Popular Capital Trust II PFD GTD 6.125% Company Profile

Popular Capital Trust II is a statutory business trust established to issue trust preferred securities, including the securities traded under the ticker BPOPM on the Nasdaq Stock Market. Unlike an operating company, the trust does not manufacture products, provide banking services, or conduct a broad commercial business of its own.

The trust’s securities represent preferred beneficial interests in the trust and are supported by subordinated debt issued by its sponsor, Popular, Inc The structure is designed to provide investors with distributions from payments made on the underlying debt obligations, subject to the terms of the governing agreements.

Popular, Inc is a financial services company headquartered in Puerto Rico and is associated with Banco Popular de Puerto Rico, which provides retail and commercial banking, lending, wealth management, and related financial services primarily in Puerto Rico and the United States.