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 share price traded up 0.1% during mid-day trading on Wednesday . The stock traded as high as $25.15 and last traded at $25.2150. 312 shares were traded during mid-day trading, a decline of 92% from the average session volume of 4,037 shares. The stock had previously closed at $25.20.

Popular Capital Trust II PFD GTD 6.125% Stock Up 0.4%

The company’s fifty day moving average is $25.30 and its 200-day moving average is $25.29.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be issued a $0.1276 dividend. This represents a c) annualized dividend and a yield of 6.1%. The ex-dividend date of this dividend is Friday, May 15th.

Popular Capital Trust II PFD GTD 6.125% Company Profile

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.