Brookfield Property Preferred L.P. (NASDAQ:BPYPM) Plans Quarterly Dividend of $0.39

Brookfield Property Preferred L.P. (NASDAQ:BPYPM) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Tuesday, September 1st will be given a dividend of 0.3906 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 9.8%. The ex-dividend date of this dividend is Tuesday, September 1st.

Brookfield Property Preferred Trading Up 0.5%

Shares of BPYPM traded up $0.07 during trading hours on Thursday, reaching $15.95. 16,141 shares of the company traded hands, compared to its average volume of 23,625. The company’s fifty day moving average price is $16.23 and its two-hundred day moving average price is $16.28. Brookfield Property Preferred has a 12 month low of $15.00 and a 12 month high of $17.90.

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.