Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM – Get Free Report) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 4,593 shares, an increase of 200.8% from the September 15th total of 1,527 shares. Based on an average daily volume of 1,861 shares, the short-interest ratio is presently 2.5 days.
Popular Capital Trust II PFD GTD 6.125% Stock Down 0.5%
BPOPM opened at $25.11 on Wednesday. The business has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $25.24. Popular Capital Trust II PFD GTD 6.125% has a one year low of $24.75 and a one year high of $25.65.
Popular Capital Trust II PFD GTD 6.125% Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be given a $0.1276 dividend. This represents a $1.53 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Thursday, October 15th.
Popular Capital Trust II PFD GTD 6.125% Company Profile
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.
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