Short Interest in Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Decreases By 38.5%

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 1,004 shares, a drop of 38.5% from the March 15th total of 1,633 shares. Based on an average daily volume of 2,990 shares, the days-to-cover ratio is presently 0.3 days.

Popular Capital Trust II PFD GTD 6.125% Stock Performance

Shares of NASDAQ BPOPM opened at $25.16 on Monday. Popular Capital Trust II PFD GTD 6.125% has a 52 week low of $24.53 and a 52 week high of $25.98. The business has a 50-day simple moving average of $25.24 and a two-hundred day simple moving average of $25.25.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, May 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of $0.1276 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Wednesday, April 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.