Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) shares were up 1.7% during mid-day trading on Thursday . The company traded as high as $16.87 and last traded at $16.87. 5,359 shares were traded during mid-day trading, a decline of 77% from the average session volume of 23,574 shares. The stock had previously closed at $16.59.
Brookfield Property Preferred Trading Up 1.7%
The business has a fifty day moving average price of $16.08 and a 200 day moving average price of $16.35.
Brookfield Property Preferred Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a $0.3906 dividend. The ex-dividend date 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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