Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report)’s share price traded up 0.4% during trading on Thursday . The company traded as high as $16.85 and last traded at $16.7490. Approximately 2,520 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 22,734 shares. The stock had previously closed at $16.69.
Brookfield Property Preferred Trading Up 0.4%
The firm’s 50 day simple moving average is $16.34 and its two-hundred day simple moving average is $16.42.
Brookfield Property Preferred Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be issued a $0.3906 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.56 annualized dividend and a dividend yield of 9.3%.
About Brookfield Property Preferred
Brookfield Property Preferred (NASDAQ:BPYPM) represents the Series M cumulative redeemable preferred units of Brookfield Property Partners L.P., a publicly traded real estate investment platform and subsidiary of Brookfield Asset Management. These preferred units confer a fixed quarterly dividend and hold priority over common equity distributions, offering investors a stable income profile backed by a diversified real estate portfolio.
Brookfield Property Partners acquires, develops, manages and renovates commercial real estate assets across a range of sectors, including office, retail, multifamily, industrial logistics, hospitality and data centers.
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