Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Shares Will Pay Monthly Dividend of $0.13

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) announced a monthly dividend on Monday, October 5th. Investors of record on Thursday, October 15th will be given a dividend of $0.1276 per share on Monday, November 2nd. This represents a $1.53 dividend on an annualized basis and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, October 15th.

Popular Capital Trust II PFD GTD 6.125% Price Performance

NASDAQ:BPOPM traded up $0.16 during trading hours on Tuesday, hitting $25.36. 598 shares of the company’s stock traded hands, compared to its average volume of 3,891. The business’s fifty day simple moving average is $25.20 and its two-hundred day simple moving average is $25.24. Popular Capital Trust II PFD GTD 6.125% has a 52 week low of $24.75 and a 52 week high of $25.65.

About Popular Capital Trust II PFD GTD 6.125%

Popular Capital Trust II is a statutory business trust established to issue trust preferred securities, including the securities traded under the ticker BPOPM on the Nasdaq Stock Market. Unlike an operating company, the trust does not manufacture products, provide banking services, or conduct a broad commercial business of its own.

The trust’s securities represent preferred beneficial interests in the trust and are supported by subordinated debt issued by its sponsor, Popular, Inc The structure is designed to provide investors with distributions from payments made on the underlying debt obligations, subject to the terms of the governing agreements.

Popular, Inc is a financial services company headquartered in Puerto Rico and is associated with Banco Popular de Puerto Rico, which provides retail and commercial banking, lending, wealth management, and related financial services primarily in Puerto Rico and the United States.