Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Trading Up 0.1% – Time to Buy?

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM)’s share 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 changed hands during trading, a decline of 67% from the average session volume of 3,797 shares. The stock had previously closed at $25.28.

Popular Capital Trust II PFD GTD 6.125% Trading Up 0.1%

The firm’s 50-day moving average price is $25.20 and its 200 day moving average price is $25.25.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Saturday, August 15th will be issued a $0.1276 dividend. This represents a c) dividend on an annualized basis and a yield of 6.0%. The ex-dividend date is Friday, August 14th.

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.