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

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) declared a monthly dividend on Friday, September 4th. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.1276 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

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

Shares of NASDAQ:BPOPM traded up $0.02 during midday trading on Friday, reaching $25.19. 2,887 shares of the company’s stock traded hands, compared to its average volume of 3,944. Popular Capital Trust II PFD GTD 6.125% has a one year low of $24.75 and a one year high of $25.65. The stock has a 50 day moving average of $25.20 and a 200 day moving average of $25.25.

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.