Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Short Interest Down 54.7% in May

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 2,476 shares, a decrease of 54.7% from the May 14th total of 5,467 shares. Based on an average daily volume of 2,326 shares, the days-to-cover ratio is currently 1.1 days.

Popular Capital Trust II PFD GTD 6.125% Stock Performance

Shares of BPOPM traded down $0.15 during mid-day trading on Friday, reaching $25.36. The stock had a trading volume of 5,201 shares, compared to its average volume of 4,153. Popular Capital Trust II PFD GTD 6.125% has a 12 month low of $24.54 and a 12 month high of $25.65. The business has a fifty day moving average of $25.31 and a 200 day moving average of $25.29.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be given a $0.1276 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date is Monday, June 15th.

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.