Brookfield Property Preferred L.P. (NASDAQ:BPYPM – Get Free Report) announced a quarterly dividend on Friday, January 31st,Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be paid a dividend of 0.3906 per share on Monday, March 31st. This represents a $1.56 annualized dividend and a yield of 10.10%. The ex-dividend date of this dividend is Monday, March 3rd.
Brookfield Property Preferred has raised its dividend payment by an average of 43.3% annually over the last three years.
Brookfield Property Preferred Trading Down 2.0 %
BPYPM stock opened at $15.47 on Friday. The firm has a 50 day moving average price of $15.92 and a 200-day moving average price of $16.45. Brookfield Property Preferred has a 52-week low of $12.78 and a 52-week high of $18.46.
About Brookfield Property Preferred
Brookfield Property Partners LP invests in real estate. The Company owns, operates and invests in commercial properties. Brookfield Property Partners focuses on properties located in North America, Europe, Australia and Brazil.
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