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

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

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

NASDAQ:BPOPM traded up $0.02 during trading hours on Friday, reaching $25.19. The company had a trading volume of 2,887 shares, compared to its average volume of 3,944. 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% has a 52 week low of $24.75 and a 52 week high of $25.65.

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.