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

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the recipient of a significant decline in short interest in August. As of August 14th, there was short interest totaling 1,887 shares, a decline of 43.8% from the July 30th total of 3,356 shares. Based on an average daily trading volume, of 1,364 shares, the short-interest ratio is presently 1.4 days.

Popular Capital Trust II PFD GTD 6.125% Price Performance

Popular Capital Trust II PFD GTD 6.125% stock traded down $0.30 during trading hours on Tuesday, hitting $25.20. 11,410 shares of the stock were exchanged, compared to its average volume of 3,990. Popular Capital Trust II PFD GTD 6.125% has a 12 month low of $24.75 and a 12 month high of $25.65. The business’s 50-day moving average is $25.20 and its two-hundred day moving average is $25.25.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Saturday, August 15th will be issued a $0.1276 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Friday, August 14th.

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.