Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Shareholders Set to Receive $0.13 Monthly Dividend

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) declared a monthly dividend on Monday, October 5th. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.1276 per share on Monday, November 2nd. This represents a $1.53 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Thursday, October 15th.

Popular Capital Trust II PFD GTD 6.125% Price Performance

BPOPM traded up $0.16 during trading on Tuesday, reaching $25.36. The stock had a trading volume of 598 shares, compared to its average volume of 3,891. 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’s 50 day moving average is $25.20 and its two-hundred day moving average is $25.24.

About Popular Capital Trust II PFD GTD 6.125%

Popular Capital Trust II is a statutory business trust established to issue trust preferred securities, including the securities traded under the ticker BPOPM on the Nasdaq Stock Market. Unlike an operating company, the trust does not manufacture products, provide banking services, or conduct a broad commercial business of its own.

The trust’s securities represent preferred beneficial interests in the trust and are supported by subordinated debt issued by its sponsor, Popular, Inc The structure is designed to provide investors with distributions from payments made on the underlying debt obligations, subject to the terms of the governing agreements.

Popular, Inc is a financial services company headquartered in Puerto Rico and is associated with Banco Popular de Puerto Rico, which provides retail and commercial banking, lending, wealth management, and related financial services primarily in Puerto Rico and the United States.