Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) Stock Price Breaks Below Two Hundred Day Moving Average – Time to Sell?

Popular Capital Trust II PFD GTD 6.125% (NASDAQ:BPOPM) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $25.26 and traded as low as $25.12. Popular Capital Trust II PFD GTD 6.125% shares last traded at $25.1250, with a volume of 357 shares changing hands.

Popular Capital Trust II PFD GTD 6.125% Stock Performance

The business has a 50-day moving average of $25.20 and a 200 day moving average of $25.26.

Popular Capital Trust II PFD GTD 6.125% Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, November 2nd. Shareholders of record on Thursday, October 15th will be paid a dividend of $0.1276 per share. This represents a $1.53 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend 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. Its 6.125% cumulative monthly income trust preferred securities are listed on the Nasdaq Stock Market under the symbol BPOPM and are guaranteed by Popular, Inc, a financial services company headquartered in Puerto Rico.

The trust does not operate a traditional commercial business and does not offer banking, lending, investment or other consumer services directly. Its primary function is to hold subordinated debt securities issued by Popular, Inc and use the related interest payments to make distributions to holders of its trust preferred securities.

Through its connection with Popular, Inc, the securities are associated with the Popular banking franchise, which has historically served customers in Puerto Rico and the United States.