BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) Declares Quarterly Dividend of $0.45

BFC Capital Trust II PFD TR 7.20% (NASDAQ:BANFP) declared a quarterly dividend on Thursday, November 20th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.45 per share on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Wednesday, December 31st.

BFC Capital Trust II PFD TR 7.20% Trading Up 0.0%

NASDAQ:BANFP opened at $26.21 on Monday. BFC Capital Trust II PFD TR 7.20% has a one year low of $25.45 and a one year high of $29.45. The stock has a 50-day simple moving average of $26.20 and a 200 day simple moving average of $26.11.

BFC Capital Trust II is a Delaware statutory trust formed by BFC Financial Corporation to issue and manage its 7.20% cumulative redeemable trust preferred securities. The trust’s sole assets consist of junior subordinated debentures issued by BFC Financial Corporation, which were acquired using the net proceeds from the preferred securities offering. The securities trade on the Nasdaq under the ticker symbol BANFP.

The trust’s primary activity is the administration of these fixed-rate trust preferred securities.