Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) declared a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Investors of record on Monday, March 3rd will be given a dividend of 0.3906 per share on Monday, March 31st. This represents a $1.56 annualized dividend and a dividend yield of 10.10%. The ex-dividend date is Monday, March 3rd.
Brookfield Property Preferred has raised its dividend by an average of 43.3% annually over the last three years.
Brookfield Property Preferred Price Performance
Shares of NASDAQ:BPYPM traded down $0.31 during midday trading on Friday, hitting $15.47. The stock had a trading volume of 49,396 shares, compared to its average volume of 18,845. Brookfield Property Preferred has a 12 month low of $12.78 and a 12 month high of $18.46. The business’s 50-day simple moving average is $15.96 and its 200-day simple moving average is $16.45.
About Brookfield Property Preferred
Brookfield Property Partners LP invests in real estate. The Company owns, operates and invests in commercial properties. Brookfield Property Partners focuses on properties located in North America, Europe, Australia and Brazil.
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