Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Short Interest Update

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,476 shares, a drop of 54.7% from the May 14th total of 5,467 shares. Based on an average daily volume of 2,326 shares, the short-interest ratio is presently 1.1 days.

Popular Capital Trust II PFD GTD 6.125% Price Performance

BPOPM traded up $0.05 during midday trading on Monday, hitting $25.47. 1,615 shares of the company were exchanged, compared to its average volume of 4,125. The company’s 50 day simple moving average is $25.31 and its 200 day simple moving average is $25.29. Popular Capital Trust II PFD GTD 6.125% has a 1-year low of $24.54 and a 1-year high of $25.65.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.1276 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

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.