Popular Capital Trust II PFD GTD 6.125% (BPOPM) to Distribute Monthly Dividend of $0.13 on October 1st

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

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

Shares of BPOPM traded up $0.02 during mid-day trading on Friday, hitting $25.19. 2,887 shares of the company were exchanged, compared to its average volume of 3,944. The company has a 50 day moving average of $25.20 and a 200-day moving average of $25.25. Popular Capital Trust II PFD GTD 6.125% has a 1-year low of $24.75 and a 1-year 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.