Popular Capital Trust II PFD GTD 6.125% to Issue Monthly Dividend of $0.13 (NASDAQ:BPOPM)

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.1276 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Wednesday, July 15th.

Popular Capital Trust II PFD GTD 6.125% Stock Performance

Shares of NASDAQ:BPOPM traded up $0.13 during mid-day trading on Wednesday, hitting $25.13. 7,560 shares of the company traded hands, compared to its average volume of 4,178. Popular Capital Trust II PFD GTD 6.125% has a 52-week low of $24.54 and a 52-week high of $25.65. The firm’s 50 day simple moving average is $25.29 and its 200 day simple moving average is $25.31.

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.