Franklin BSP Realty Trust, Inc. (NYSE:FBRT) Plans $0.20 Quarterly Dividend

Franklin BSP Realty Trust, Inc. (NYSE:FBRT) announced a quarterly dividend on Thursday, September 10th. Investors of record on Wednesday, September 30th will be given a dividend of 0.20 per share on Tuesday, October 13th. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Wednesday, September 30th.

Franklin BSP Realty Trust has decreased its dividend payment by an average of 0.0%annually over the last three years. Franklin BSP Realty Trust has a dividend payout ratio of 58.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Franklin BSP Realty Trust to earn $0.99 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 80.8%.

Franklin BSP Realty Trust Trading Down 4.1%

Franklin BSP Realty Trust stock opened at $7.67 on Friday. The company has a quick ratio of 96.80, a current ratio of 96.80 and a debt-to-equity ratio of 3.47. The firm has a 50-day moving average price of $8.04 and a two-hundred day moving average price of $8.50. The firm has a market capitalization of $637.08 million, a price-to-earnings ratio of 17.44 and a beta of 0.93. Franklin BSP Realty Trust has a 52-week low of $7.34 and a 52-week high of $11.68.

Franklin BSP Realty Trust (NYSE:FBRT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. The company had revenue of $65.29 million for the quarter, compared to analyst estimates of $80.98 million. Franklin BSP Realty Trust had a net margin of 20.49% and a return on equity of 5.82%. Sell-side analysts expect that Franklin BSP Realty Trust will post 0.73 earnings per share for the current year.

About Franklin BSP Realty Trust

Franklin BSP Realty Trust, Inc (NYSE: FBRT) is a publicly traded real estate investment trust sponsored by an affiliate of Franklin Square Capital Partners. The company focuses on acquiring, owning and managing single-tenant net leased commercial properties across the United States. Its portfolio spans retail, office, industrial and other property types, with leases structured to shift most property‐level responsibilities—such as maintenance, property taxes and insurance—to the tenants.

By concentrating on net lease investments, Franklin BSP Realty Trust aims to generate stable and predictable rental income streams.