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

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

Popular Capital Trust II PFD GTD 6.125% Price Performance

The business’s 50 day moving average is $25.23 and its 200 day moving average is $25.30.

Popular Capital Trust II PFD GTD 6.125% Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Wednesday, July 15th will be paid a dividend of $0.1276 per share. The ex-dividend date is Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 6.1%.

About Popular Capital Trust II PFD GTD 6.125%

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.