Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Trading 0.1% Higher – Still a Buy?

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) shares shot up 0.1% during trading on Wednesday . The company traded as high as $25.15 and last traded at $25.2150. 312 shares were traded during trading, a decline of 92% from the average session volume of 4,037 shares. The stock had previously closed at $25.20.

Popular Capital Trust II PFD GTD 6.125% Stock Performance

The stock has a 50 day moving average of $25.30 and a 200 day moving average of $25.29.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 1st. Investors of record on Friday, May 15th will be paid a dividend of $0.1276 per share. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, May 15th.

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.