Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM – Get Free Report) was the target of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 1,887 shares, a decrease of 43.8% from the July 30th total of 3,356 shares. Based on an average daily volume of 1,364 shares, the days-to-cover ratio is presently 1.4 days.
Popular Capital Trust II PFD GTD 6.125% Stock Performance
NASDAQ:BPOPM traded down $0.06 during midday trading on Monday, reaching $25.16. The stock had a trading volume of 504 shares, compared to its average volume of 3,773. The firm has a fifty day simple moving average of $25.20 and a two-hundred day simple moving average of $25.25. Popular Capital Trust II PFD GTD 6.125% has a 12-month low of $24.75 and a 12-month high of $25.65.
Popular Capital Trust II PFD GTD 6.125% Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 1st. Investors of record on Saturday, August 15th will be given a $0.1276 dividend. The ex-dividend date is Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 6.1%.
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.
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