In trading on Thursday, shares of Franklin BSP Realty Trust Inc's 7.50% Series E Cumulative Redeemable Preferred Stock (Symbol: FBRT.PRE) were yielding above the 9% mark based on its quarterly dividend (annualized to $1.875), with shares changing hands as low as $20.60 on the day. This compares to an average yield of 7.87% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, FBRT.PRE was trading at a 15.76% discount to its liquidation preference amount, versus the average discount of 11.99% in the "Real Estate" category.
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Below is a dividend history chart for FBRT.PRE, showing historical dividend payments on Franklin BSP Realty Trust Inc's 7.50% Series E Cumulative Redeemable Preferred Stock :
In Thursday trading, Franklin BSP Realty Trust Inc's 7.50% Series E Cumulative Redeemable Preferred Stock (Symbol: FBRT.PRE) is currently down about 0.3% on the day, while the common shares (Symbol: FBRT) are down about 0.5%.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
