Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Stock Price Down 0.5% – Should You Sell?

Shares of Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) were down 0.5% during mid-day trading on Thursday . The company traded as low as $25.10 and last traded at $25.1010. Approximately 1,311 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 4,086 shares. The stock had previously closed at $25.22.

Popular Capital Trust II PFD GTD 6.125% Stock Performance

The stock has a 50-day simple moving average of $25.23 and a 200 day simple moving average of $25.30.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, August 3rd. Stockholders of record on Wednesday, July 15th will be paid a $0.1276 dividend. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Wednesday, July 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.