Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Trading 0.1% Higher – Here’s Why

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM)’s stock price traded up 0.1% during mid-day trading on Thursday . The company traded as high as $25.30 and last traded at $25.3150. Approximately 1,243 shares traded hands during mid-day trading, a decline of 67% from the average daily volume of 3,797 shares. The stock had previously closed at $25.28.

Popular Capital Trust II PFD GTD 6.125% Price Performance

The company has a 50 day moving average price of $25.20 and a 200-day moving average price of $25.25.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a $0.1276 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%.

About Popular Capital Trust II PFD GTD 6.125%

Popular Capital Trust II Pfd Gtd 6.125% (NASDAQ: BPOPM) is a Delaware statutory trust formed by Popular, Inc to issue cumulative preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by Popular, Inc, which serve as collateral for the preferred securities. Investors in BPOPM receive a fixed annual distribution rate of 6.125% through the initial fixed?rate period.

These trust preferred securities are guaranteed on a subordinated basis by Popular, Inc, a financial holding company headquartered in San Juan, Puerto Rico.