Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Sees Significant Decrease in Short Interest

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,633 shares, a decrease of 70.7% from the February 26th total of 5,581 shares. Based on an average trading volume of 1,456 shares, the days-to-cover ratio is presently 1.1 days.

Popular Capital Trust II PFD GTD 6.125% Trading Down 0.2%

Shares of Popular Capital Trust II PFD GTD 6.125% stock traded down $0.04 during midday trading on Friday, hitting $25.25. 1,386 shares of the company traded hands, compared to its average volume of 3,402. The firm’s fifty day moving average price is $25.32 and its 200-day moving average price is $25.25. Popular Capital Trust II PFD GTD 6.125% has a 12 month low of $24.53 and a 12 month high of $25.98.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Sunday, March 15th will be issued a dividend of $0.1276 per share. The ex-dividend date is Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 6.1%.

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.